The S&P 500 lost 0.3% while 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 week. Going into trading today, IYT was up 2.2% over the last seven trading days while the S&P 500 went up 0.7%.
US Airways Group (LCC) was a major gainer in the sector, rising 7.8% (+83 cents) to close at $11.42 with 19.8 million shares moving. The stock traded in a range of $10.63 to $11.50. The stock has been on a downward trajectory over the last two months, dipping $1.75 (-13.3%) from a price of $13.17 on June 22, 2012.
Frontline (FRO) was a major loser in the sector, falling 4.7% (-18 cents) to close at $3.62 with 875,612 shares moving. The stock traded between $3.60 and $3.97. Over the last three months, the stock has lost $1.36 (-27.3%) from a price of $4.98 on May 24, 2012.
Danaos Corporation (DAC) rose 2.9% to close at $4.15, cross its 50-day moving average of $4.07 and 200-day moving average of $3.97. Kirby Corporation (KEX) declined 2.6% to close at $53.22, moving below its 50-day moving average of $51.20 and 200-day moving average of $57.68.
Forward Air Corporation (FWRD) fell 2.3% to close at $33.66, moving closer to its 50-day moving average of $33.23. Also, the stock moved closer to its 200-day moving average of $33.33.
Box Ships (TEU) hit a new 52-week low today, hitting $5.86 to fall below the previous low of $5.90.