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Transportation Stocks, Including CH Robinson, Making Big Moves on November 28, 2012
The Nasdaq has remained steady, the S&P 500 is trading up 0.1% and the Dow has increased 0.2% so far today. 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.
These are the biggest movers in the Transportation sector (IYT) (+0.2%):
Broker Summary: Charles Schwab Online Brokerage
Atlas Air Worldwide Holdings (Nasdaq:AAWW) is at $42.95 per share after an increase of 2.5%. So far today, the company's volume is 112,712 shares, consistent with the volume from yesterday on pace to finish the day below yesterday's volume of 265,819 shares.
Kirby (NYSE:KEX) has increased to a share price of $57.35, a 2% rise. The company is currently trading a volume of 318,794 shares. This is 1.2 times its current three-month average.
Seaspan (NYSE:SSW) is trading at $15.56 per share, down 1.6%. At 24,626 shares, the company's volume so far today is 0.2 times the average daily volume.
After rising 1.5%, Con Way (NYSE:CNW) is currently trading at a share price of $28.94. The company is currently trading a volume of 219,581 shares.
Allegiant Travel (Nasdaq:ALGT) has fallen 1% and is currently trading at $72.96 per share. So far today, 51,352 shares have changed hands,.
CH Robinson (Nasdaq:CHRW) has moved up 1% and is currently trading at $61.44 per share. So far today, 389,008 shares have changed hands. This is consistent with its current three-month average.
J.B. Hunt Transport Services (Nasdaq:JBHT) is down 0.9% to reach $59.45 per share. At 325,655 shares, the company's volume so far today is 0.3 times its current daily 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.
These are the biggest movers in the Transportation sector (IYT) (+0.2%):
| Company | Market Cap | Percentage Change |
| Atlas Air Worldwide Holdings (Nasdaq:AAWW) | $1.15 billion | +2.5% |
| Kirby (NYSE:KEX) | $3.19 billion | +2% |
| Seaspan (NYSE:SSW) | $996.2 million | -1.6% |
| Con Way (NYSE:CNW) | $1.59 billion | +1.5% |
| Allegiant Travel (Nasdaq:ALGT) | $1.42 billion | -1% |
| CH Robinson (Nasdaq:CHRW) | $9.91 billion | +1% |
| J.B. Hunt Transport Services (Nasdaq:JBHT) | $7.08 billion | -0.9% |
Atlas Air Worldwide Holdings (Nasdaq:AAWW) is at $42.95 per share after an increase of 2.5%. So far today, the company's volume is 112,712 shares, consistent with the volume from yesterday on pace to finish the day below yesterday's volume of 265,819 shares.
Kirby (NYSE:KEX) has increased to a share price of $57.35, a 2% rise. The company is currently trading a volume of 318,794 shares. This is 1.2 times its current three-month average.
Seaspan (NYSE:SSW) is trading at $15.56 per share, down 1.6%. At 24,626 shares, the company's volume so far today is 0.2 times the average daily volume.
Allegiant Travel (Nasdaq:ALGT) has fallen 1% and is currently trading at $72.96 per share. So far today, 51,352 shares have changed hands,.
CH Robinson (Nasdaq:CHRW) has moved up 1% and is currently trading at $61.44 per share. So far today, 389,008 shares have changed hands. This is consistent with its current three-month average.
J.B. Hunt Transport Services (Nasdaq:JBHT) is down 0.9% to reach $59.45 per share. At 325,655 shares, the company's volume so far today is 0.3 times its current daily 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.
by
Investopedia Staff
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