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China Southern Airlines Limited Among Transportation's Biggest Movers on December 20, 2012
Currently, the Nasdaq has fallen 0.4%, the S&P 500 has remained steady and the Dow has decreased 0.1%. 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.
The Transportation sector (IYT) has changed little on a quiet day for the overall market. These are the biggest movers in the sector currently:
Broker Summary: E-Trade Financial
After a precipitous drop of 12.5%, Greenbrier (NYSE:GBX) is now trading at a share price of $18.03. So far today, the company's volume is 1.7 million shares, 2.7 times the current three-month average.
Currently trading at $32.80 per share, American Railcar Industries (Nasdaq:ARII) has fallen 8.9%. The company is currently trading a volume of 275,869 shares.
After an increase of 2.9%, Air (Nasdaq:AIRM) has reached a current price of $112.90. So far today, 49,799 shares have changed hands, which is likely to result in less activity than yesterday's volume of 130,469 shares.
After a decline of 2.2%, Golar LNG (Nasdaq:GMLP) has hit a share price of $29.60. So far today, the company's volume is 59,883 shares. This is in line with its current daily average.
Guangshen Railway Co. Ltd (NYSE:GSH) is at $18.84 per share after an increase of 2.2%. The company's volume for the day so far is 11,175 shares, consistent with its average over the last three months.
Increasing 1.5%, China Southern Airlines Limited (NYSE:ZNH) is trading at $25.88 per share. The company's volume for the day so far is 2,000 shares.
Alexander & Baldwin (NYSE:ALEX) has increased to a share price of $28.56, a 1.3% rise. So far today, the company's volume is 181,042 shares, which is more trading activity than there was yesterday.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The Transportation sector (IYT) has changed little on a quiet day for the overall market. These are the biggest movers in the sector currently:
| Company | Market Cap | Percentage Change |
| Greenbrier (NYSE:GBX) | $559.4 million | -12.5% |
| American Railcar Industries (Nasdaq:ARII) | $768.7 million | -8.9% |
| Air (Nasdaq:AIRM) | $1.42 billion | +2.9% |
| Golar LNG (Nasdaq:GMLP) | $1.05 billion | -2.2% |
| Guangshen Railway Co. Ltd (NYSE:GSH) | $2.51 billion | +2.2% |
| China Southern Airlines Limited (NYSE:ZNH) | $5 billion | +1.5% |
| Alexander & Baldwin (NYSE:ALEX) | $1.21 billion | +1.3% |
After a precipitous drop of 12.5%, Greenbrier (NYSE:GBX) is now trading at a share price of $18.03. So far today, the company's volume is 1.7 million shares, 2.7 times the current three-month average.
Currently trading at $32.80 per share, American Railcar Industries (Nasdaq:ARII) has fallen 8.9%. The company is currently trading a volume of 275,869 shares.
After an increase of 2.9%, Air (Nasdaq:AIRM) has reached a current price of $112.90. So far today, 49,799 shares have changed hands, which is likely to result in less activity than yesterday's volume of 130,469 shares.
Guangshen Railway Co. Ltd (NYSE:GSH) is at $18.84 per share after an increase of 2.2%. The company's volume for the day so far is 11,175 shares, consistent with its average over the last three months.
Increasing 1.5%, China Southern Airlines Limited (NYSE:ZNH) is trading at $25.88 per share. The company's volume for the day so far is 2,000 shares.
Alexander & Baldwin (NYSE:ALEX) has increased to a share price of $28.56, a 1.3% rise. So far today, the company's volume is 181,042 shares, which is more trading activity than there was yesterday.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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