During trading today, both the Transportation sector (IYT) and the S&P500 showed little movement.
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 2.7% over the last thirty trading days while the S&P 500 climbed 3.7%.
Scorpio Tankers (STNG) was one of the sector's big losers, as its price dropped 8.2% (-49 cents) to close at $5.52. 328,648 shares of the stock moved. The stock traded between $5.40 and $6.04. The share price has been sinking in the last month, down 87 cents (-13.6%) from $6.39 on July 13, 2012.
Quality Distribution (QLTY) rose 3.9% to close at $10.24, cross its 50-day moving average of $10.04 and 200-day moving average of $11.32. Sino-Global Shipping America (SINO) declined 7% to close at $2.26, moving below its 50-day moving average of $2.39 and 200-day moving average of $2.60.
Delta Air Lines (DAL) rose 2.2% to close at $9.26, approaching its 50-day moving average of $10.03. It has also moved closer to its 200-day moving average of $10.18. GulfMark Offshore (GMT) fell 2% to close at $36.58, moving closer to its 50-day moving average of $35.62. Also, the stock moved closer to its 200-day moving average of $40.69.
Vitran Corporation (VTNC) was a significant gainer in the sector, rising 5.2%. The stock closed at $4.22 with 33,715 shares moving. The stock traded in a range of $4.01 to $4.27.
Macquarie Infrastructure Company (MIC) hit a new 52-week high today, reaching $42.24 to top the previous high of $41.79.