Filed Under: ,
Tickers in this Article: GLOG, RRTS, SKYW, UAL, UHAL, ALGT, RYAAY
After the morning's trading, the Nasdaq remains relatively unchanged, the S&P 500 is trading up 0.1% and the Dow is up 0.2%. 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 moved little overall, and these are the biggest movers in the sector so far:
CompanyMarket CapPercentage Change
GasLog (NYSE:GLOG)3.4 million+4.2%
Roadrunner Transportation Systems (NYSE:RRTS)1.3 million-1.9%
SkyWest (Nasdaq:SKYW)7.9 million-1.7%
United Continental Holdings (NYSE:UAL).57 billion-1.3%
AMERCO (Nasdaq:UHAL).21 billion+1.1%
Allegiant Travel (Nasdaq:ALGT).42 billion+1.1%
Ryanair Holdings plc (Nasdaq:RYAAY).7 billion-0.9%
Broker Summary: Fidelity Online Brokerage

After rising 4.2%, GasLog (NYSE:GLOG) is currently trading at a share price of $11.49. So far today, 67,263 shares have changed hands,.

Roadrunner Transportation Systems (NYSE:RRTS) is trading at $17.47 per share, down 1.9%. The company is currently trading a volume of 22,629 shares. This is 0.4 times its current three-month average.

At $11.28, SkyWest (Nasdaq:SKYW) has slipped 1.7%. So far today, the company's volume is 17,544 shares, zero times its current daily average.

United Continental Holdings (NYSE:UAL) has fallen 1.3% and is currently trading at $19.51 per share. The company is currently trading a volume of 1.6 million shares.

AMERCO (Nasdaq:UHAL) is up 1.1% to reach a current price of $113.91 per share. So far today, the company's volume is 6,944 shares, on pace to finish the day below yesterday's volume of 27,605 shares.

Allegiant Travel (Nasdaq:ALGT) has risen 1.1% to hit a current price of $74.61 per share. The company's volume for the day so far is 22,851 shares. This is 0.3 times the average volume over the last three months.

Currently trading at $33.39 per share, Ryanair Holdings plc (Nasdaq:RYAAY) has fallen 0.9%. So far today, the company's volume is 49,819 shares, 0.1 times the current daily average.

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.

comments powered by Disqus

Trading Center