Filed Under: ,
Tickers in this Article: GSH, AIRM, ALK, CPA, ASR, KSU, CHRW
The market is having a bad day so far. The Nasdaq has fallen 1.7%; the S&P 500 has declined 0.8%; and the Dow is trading down 0.7%. 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) is currently ahead of the overall market, down only 1%, and its biggest movers are currently:
CompanyMarket CapPercentage Change
Guangshen Railway Co. Ltd (NYSE:GSH)$2.22 billion+3.6%
Air (Nasdaq:AIRM)$1.48 billion-2.6%
Alaska Air Group (NYSE:ALK)$2.6 billion-2.1%
Copa Holdings (NYSE:CPA)$3.78 billion-1.9%
Grupo Aeroportuario del Sureste (NYSE:ASR)$2.74 billion-1.9%
Kansas City (NYSE:KSU)$8.4 billion-1.6%
CH Robinson (Nasdaq:CHRW)$9.69 billion-1.3%
Broker Summary: E-Trade Financial

Rising 3.6%, Guangshen Railway Co. Ltd (NYSE:GSH) is currently trading at $16.91 per share. So far today, 21,564 shares of the company's stock have changed hands. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock.

Air (Nasdaq:AIRM) has decreased to $112 per share, a 2.6% fall. So far today, the company's volume is 23,662 shares, consistent with its current three-month average. The trading volume for a stock indicates the level of investor interest.

After a decline of 2.1%, Alaska Air Group (NYSE:ALK) has hit a share price of $36.17. This morning, the company is trading a volume of 182,402 shares. If a stock price moves on high volume, this means that the change is a significant one.

Falling 1.9%, Copa Holdings (NYSE:CPA) is currently at a share price of $83.84. At 36,741 shares, the company's volume so far today is 0.1 times its current daily average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest.

Grupo Aeroportuario del Sureste (NYSE:ASR) is trading at $89.78 per share, down 1.9%. So far today, the company's volume is 11,872 shares. This is on pace to fall short of yesterday's volume of 88,860 shares. A stock's volume conveys how excited investors are about it.

Kansas City (NYSE:KSU) is down 1.6% to reach $75.15 per share. With 170,689 shares changing hands so far today, the company's volume is 0.2 times its average over the past three months. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is.

Slipping 1.3%, CH Robinson (Nasdaq:CHRW) is currently trading at $59.19 per share. The company's volume for the day so far is 484,898 shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. 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.

comments powered by Disqus

Trading Center