The S&P 500 lost 0.7% 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, the S&P 500 was up -0.1% over the last seven trading days, but IYT was down 2.5%.
Landstar System (LSTR) was a major loser in the sector, falling 4.3% (-$2.14) to close at $47.69 with 1.7 million shares moving. The stock traded in a range of $47.23 to $49.97. The stock has been falling in the last two months, down $4.68 (-8.9%) from a price of $52.37 on July 3, 2012.
Increasing 2.7% (+3 cents) to close at $1.14, Euroseas (ESEA) was a major gainer in the sector. Today, 31,181 shares traded hands. The stock traded in a range of $1.11 to $1.16. The stock is down over the last two months, having fallen 6 cents (-5%) from a price of $1.20 on July 3, 2012.
Forward Air Corporation (FWRD) fell 2.3% to close at $33.01, crossing its 50-day moving average of $33.34. Meanwhile, Hawaiian Holdings (HA) climbed 2.1% to close at $5.93, moving past its 200-day moving average of $5.92.
Box Ships (TEU) rose 2.2% to close at $6.09, approaching its 50-day moving average of $6.49. It has also moved closer to its 200-day moving average of $7.76. AMERCO (GLNG) fell 1.8% to close at $94.38, moving closer to its 50-day moving average of $94.13. Also, the stock moved closer to its 200-day moving average of $38.32.