While the S&P 500 grew 0.1%, the Transportation sector (IYT) showed little movement during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, IYT was unchanged over the last thirty trading days while the S&P 500 climbed 3.2%.
Gol Linhas Aereas Inteligentes (GOL) was a major loser in the sector, falling 4.9% (-25 cents) to close at $4.81 with 3.2 million shares moving. The stock traded in a range of $4.81 to $5.12. Shares are down, having dropped 54 cents (-10.1%) from a price of $5.35 on August 10, 2012.
Increasing 3.3% (+23 cents) to close at $7.28, Knightsbridge Tankers (VLCCF) was a major gainer in the sector. Today, 584,311 shares traded hands. The stock traded in a range of $7 to $7.40. The stock has lost momentum over the last three months, losing $2.62 (-26.5%) from $9.90 on May 22, 2012.
Patriot Transportation (PATR) rose 1.4% to close at $23.71, cross its 50-day moving average of $23.59 and 200-day moving average of $22.31. DryShips (DRYS) declined 3.5% to close at $2.23, moving below its 50-day moving average of $2.24 and 200-day moving average of $2.56.
Lan Airlines (LFL) rose 3.3% to close at $23.81, approaching its 50-day moving average of $24.58. It has also moved closer to its 200-day moving average of $25.87. Seaspan Corporation (SSW) fell 2.8% to close at $16.60, moving closer to its 50-day moving average of $16.25. Also, the stock moved closer to its 200-day moving average of $16.31.
Canadian National Railway (CNI) hit a new 52-week high today, reaching $92.77 to top the previous high of $92.12.
Baltic Trading (BALT) hit a new 52-week low today, hitting $3 to fall below the previous low of $3.10.