China Eastern Airlines Corp. Ltd Among Transportation's Biggest Movers on November 13, 2012

November 13, 2012 | Filed Under » ,
Tickers in this Article » ARII, CPLP, NMM, CEA, SSW, ALK, UHAL
The Nasdaq has moved up 0.2%, the S&P 500 has risen 0.6% and the Dow has risen 0.5% on a good day for the market so far. The transportation sector is a category of stocks relating to the transportation of goods or customers. It is made up of airlines, railroads and trucking companies. The performance of the transportation sector is sensitive to the price of oil. Because operations revolve around the use of vehicles, fuel prices represent a significant cost to transportation companies. As the price of oil rises, transportation companies will be expected to earn less. Inversely, these companies do well when the cost of fuel decreases.

Outperforming the market overall, the Transportation sector (IYT) is up 0.9% and its biggest movers so far today are:
CompanyMarket CapPercentage Change
American Railcar Industries (Nasdaq:ARII)$565.4 million+15.4%
Capital Product Partners (Nasdaq:CPLP)$610.6 million-5.2%
Navios Maritime Partners (NYSE:NMM)$877.6 million-3.5%
China Eastern Airlines Corp. Ltd (NYSE:CEA)$3.96 billion-3.2%
Seaspan (NYSE:SSW)$1.01 billion-2.8%
Alaska Air Group (NYSE:ALK)$2.91 billion+2.6%
AMERCO (Nasdaq:UHAL)$2.33 billion+2.1%
Broker Summary: E-Trade Financial

American Railcar Industries (Nasdaq:ARII) is currently at $30.55 per share after a dramatic increase of 15.4%. The company's volume is currently 186,085 shares for the day, above yesterday's volume of 26,779 shares.

Capital Product Partners (Nasdaq:CPLP) has fallen 5.2% and is currently trading at $6.82 per share. The company's volume for the day so far is 675,843 shares. This is 2.4 times the average volume over the last three months.

Navios Maritime Partners (NYSE:NMM) is trading at $14.09 per share, down 3.5%. So far today, the company's volume is 216,972 shares, consistent with its current daily average.

China Eastern Airlines Corp. Ltd (NYSE:CEA) is currently trading at a share price of $16.99, a 3.2% decline. The company's volume for the day so far is 2,520 shares.

At $15.58, Seaspan (NYSE:SSW) has slipped 2.8%. This morning, 37,515 shares have been traded,.

Alaska Air Group (NYSE:ALK) has risen 2.6% to hit a current price of $42.43 per share. This morning, the company is trading a volume of 348,770 shares. This is 0.4 times its current three-month average.

AMERCO (Nasdaq:UHAL) has moved up 2.1% and is currently trading at $121.07 per share. The company's volume is currently 4,121 shares for the day, 0.1 times the current daily average.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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