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Ryanair Holdings plc and Other Big Movers In Transportation on December 14, 2012

December 14, 2012 | Filed Under »
Tickers in this Article » AIRM, CEA, HOS, GMLP, ASR, RYAAY, DSX
The market has been slipping so far today. The Nasdaq is trading down 0.8%; the S&P 500 is down 0.2%; and the Dow has slipped 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.

Despite a bad day for the market overall so far, the Transportation sector (IYT) is up 0.6% and its biggest movers are currently:
CompanyMarket CapPercentage Change
Air (Nasdaq:AIRM)$1.44 billion-3.4%
China Eastern Airlines Corp. Ltd (NYSE:CEA)$4.19 billion+3%
Hornbeck Offshore Services (NYSE:HOS)$1.24 billion+2.4%
Golar LNG (Nasdaq:GMLP)$1.02 billion-2.4%
Grupo Aeroportuario del Sureste (NYSE:ASR)$3.32 billion+2.4%
Ryanair Holdings plc (Nasdaq:RYAAY)$9.99 billion+1.9%
Diana Shipping (NYSE:DSX)$613.3 million-1.5%
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Air (Nasdaq:AIRM) is currently trading at a share price of $107.53, a 3.4% decline. So far today, the company's volume is 55,205 shares, 0.7 times the average daily volume.

China Eastern Airlines Corp. Ltd (NYSE:CEA) is up 3% to reach a current price of $19.12 per share. The company is currently trading a volume of 14,296 shares.

Hornbeck Offshore Services (NYSE:HOS) is currently trading at $35.77 per share, a 2.4% increase. At 137,647 shares, the company's volume so far today is 0.4 times the average volume over the last three months.

Currently trading at $28.80 per share, Golar LNG (Nasdaq:GMLP) has fallen 2.4%. So far today, 18,409 shares of the company's stock have changed hands. This is on pace to fall short of yesterday's volume of 139,396 shares.

Grupo Aeroportuario del Sureste (NYSE:ASR) has risen 2.4% to hit a current price of $113.39 per share. At 30,246 shares, the company's volume so far today is 0.2 times the current daily average.

Ryanair Holdings plc (Nasdaq:RYAAY) has increased to a share price of $35.33, a 1.9% rise. The company's volume for the day so far is 47,464 shares.

Diana Shipping (NYSE:DSX) is trading at $7.28 per share, down 1.5%. So far today, the company's volume is 66,223 shares, 0.2 times the current three-month average.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. 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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