The market is on the rise this morning. The Nasdaq is trading up 1.7%; the S&P 500 is up 1%; and the Dow has increased 0.9%. 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 up 0.8%, underperforming the market overall. The biggest movers in the sector are currently:
|Company||Market Cap||Percentage Change|
|United Continental Holdings (NYSE:UAL)||$6.94 billion||+4.9%|
|Navios Maritime Partners (NYSE:NMM)||$765.8 million||-3%|
|China Eastern Airlines Corp. Ltd (NYSE:CEA)||$4.19 billion||-2.7%|
|Atlas Air Worldwide Holdings (Nasdaq:AAWW)||$1.13 billion||+2.5%|
|China Southern Airlines Limited (NYSE:ZNH)||$4.73 billion||-2.5%|
|Air (Nasdaq:AIRM)||$1.45 billion||+2.2%|
|Ryanair Holdings plc (Nasdaq:RYAAY)||$9.88 billion||+2%|
Software Summary: Finviz.com Stock Screener
After rising 4.9%, United Continental Holdings (NYSE:UAL) is currently trading at a share price of $21.92. The company is trading at a volume of 3.2 million shares. This is more trading activity than there was yesterday.
Falling 3%, Navios Maritime Partners (NYSE:NMM) is currently at a share price of $12.36. The company's volume for the day so far is 235,734 shares, 0.8 times its current three-month average.
Slipping 2.7%, China Eastern Airlines Corp. Ltd (NYSE:CEA) is currently trading at $18.07 per share. The company's volume for the day so far is 2,590 shares.
Atlas Air Worldwide Holdings (Nasdaq:AAWW) has risen 2.5% to hit a current price of $43.77 per share. At 47,128 shares, the company's volume so far today is 0.2 times the average daily volume.
China Southern Airlines Limited (NYSE:ZNH) is down 2.5% to reach $23.49 per share. So far today, 12,603 shares of the company's stock have changed hands.
After an increase of 2.2%, Air (Nasdaq:AIRM) has reached a current price of $114.53. At 66,891 shares, the company's volume so far today is 1.4 times its average over the past three months.
Ryanair Holdings plc (Nasdaq:RYAAY) has risen 2% and is currently trading at $34.97 per share. This morning, the company is trading a volume of 211,110 shares.
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. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.