Published August 10, 2012
The Transportation sector (IYT) held steady during a trading day that saw the S&P 500 grow 0.2%.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, IYT was down 0.6% over the last thirty trading days. The S&P 500, in comparison, went up 5.5%.
Zipcar (ZIP) was a major gainer in the sector, rising 5.3% (+41 cents) to close at $8.08 with 1.1 million shares moving. The stock traded in a range of $7.84 to $8.24. The stock has been going in a negative direction over the last month, dropping $3.27 (-28.8%) from a price of $11.35 on July 12, 2012.
Teekay Corporation (TK) was a major loser in the sector, falling 4.4% (-$1.43) to close at $31.02 with 653,786 shares moving. The stock traded in a range of $30.83 to $31.82. Shares have shown some positive movement over the last two months as the price has climbed $4.68 (17.8%) from a price of $26.34 on June 13, 2012.
AMERCO (UHAL) declined 2.8% to close at $91.56, moving below its 50-day moving average of $91.73 and 200-day moving average of $94.69.
Air Transport Services Group (ATSG) rose 4% to close at $4.71, approaching its 50-day moving average of $4.95. It has also moved closer to its 200-day moving average of $5.24. Roadrunner Transportation Systems (RRTS) fell 2.5% to close at $17.26, moving closer to its 50-day moving average of $17.05. Also, the stock moved closer to its 200-day moving average of $16.90.
USA Truck (USAK) hit a new 52-week low today, hitting $3.97 to fall below the previous low of $4.