On a trading day that saw the S&P 500 gain 0.1%, the Transportation sector (IYT) showed little change.
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 down 0.9% over the last thirty trading days while the S&P 500 climbed 2.8%.
Frontline (FRO) was one of the sector's big losers, as its price dropped 13.6% (-50 cents) to close at $3.19. 2.2 million shares of the stock moved. The stock traded between $3.18 and $3.48. The stock has been on a downward trajectory over the last two months, sliding $1.22 (-27.7%) from a price of $4.41 on July 2, 2012.
NewLead Holdings (NEWL) was a major gainer in the sector, rising 8.1% (+6 cents) to close at 80 cents with 5,980 shares moving. The stock traded in a range of 77 cents to 80 cents.
Gol Linhas Aereas Inteligentes (GOL) fell 5.2% to close at $4.75, crossing its 50-day moving average of $4.74. Meanwhile, Roadrunner Transportation Systems (RRTS) climbed 1.8% to close at $17.26, moving past its 200-day moving average of $17.03.
USA Truck (USAK) rose 1.4% to close at $3.75, approaching its 50-day moving average of $4.16. It has also moved closer to its 200-day moving average of $5.90. US Airways Group (LCC) fell 3.3% to close at $10.45, moving down to 0.7% above its 200-day moving average of $10.37.
Knightsbridge Tankers (VLCCF) hit a new 52-week low today, hitting $5.91 to fall below the previous low of $6.23.