The Transportation sector (IYT) showed little movement while the S&P 500 gained 0.6% during trading today.
While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, IYT was up 2.2% over the last thirty trading days while the S&P 500 was down 3.9%.
Frontline (FRO) was a significant gainer in the sector, rising 8.9%. The stock closed at $3.93 with 1.6 million shares moving. The stock traded in a range of $3.72 to $4.09. The stock has fallen over the last three months, dropping 89 cents (-18.5%) from $4.82 on May 30, 2012.
Golar LNG (GLNG) rose 6.1% to close at $41.14, crossing its 50-day moving average of $39.07. Meanwhile, The Greenbrier Companies (GBX) dropped 2% to close at $15.53, moving below its 200-day moving average or $17.54.
China Eastern Airlines (CEA) rose 1.6% to close at $16.23, approaching its 50-day moving average of $16.81. It has also moved closer to its 200-day moving average of $16.69. Kirby Corporation (HOS) fell 1.3% to close at $52.28, moving closer to its 50-day moving average of $51.55. Also, the stock moved closer to its 200-day moving average of $38.39.
XPO Logistics (XPO) was a major loser in the sector. Its price dropped 3.3% (-52 cents) to close at $15.33, as 163,976 shares moved. The stock traded in a range of $15.26 to $15.88. Shares have been on on the rise over the past month, climbing $2.47 (19.2%) from a price of $12.86 on July 26, 2012.
Knightsbridge Tankers (VLCCF) hit a new 52-week low today, hitting $6.60 to fall below the previous low of $6.80.