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Transportation Stocks, Including CH Robinson, Making Big Moves on October 12, 2012
The Nasdaq has decreased 0.2%, the S&P 500 has decreased 0.4% and the Dow is down 0.2%, marking a bad morning for the market. 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 0.4% on a bad day for the market overall. The biggest movers in the sector are currently:
Broker Summary: TD Ameritrade Thinkorswim
J.B. Hunt Transport Services (Nasdaq:JBHT) has moved up 7.2% and is currently trading at $58.72 per share. At 2.4 million shares, the company's volume so far today is 2.1 times the average daily volume.
Hub Group (Nasdaq:HUBG) is at $30.02 per share after an increase of 3.3%. The company's volume for the day so far is 186,371 shares.
Werner Enterprises (Nasdaq:WERN) has risen 2.6% to hit a current price of $22.74 per share. At 372,578 shares, the company's volume so far today is consistent with its average over the last three months.
After an increase of 1.9%, CH Robinson (Nasdaq:CHRW) has reached a current price of $60.01. The company is trading at a volume of 596,841 shares.
Con Way (NYSE:CNW) is currently trading at $28.28 per share, a 1.6% increase. The company's volume is currently 146,320 shares for the day, 0.2 times the average daily volume.
Falling 1.6%, Atlas Air Worldwide Holdings (Nasdaq:AAWW) is currently at a share price of $51.80. So far today, the company's volume is 24,031 shares.
After rising 1.5%, China Eastern Airlines Corp. Ltd (NYSE:CEA) is currently trading at a share price of $16.34. With 3,406 shares changing hands so far today, the company's volume is 0.2 times its average over the past three months.
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. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
The Transportation sector (IYT) is up 0.4% on a bad day for the market overall. The biggest movers in the sector are currently:
| Company | Market Cap | Percentage Change |
| J.B. Hunt Transport Services (Nasdaq:JBHT) | $6.44 billion | +7.2% |
| Hub Group (Nasdaq:HUBG) | $1.1 billion | +3.3% |
| Werner Enterprises (Nasdaq:WERN) | $1.62 billion | +2.6% |
| CH Robinson (Nasdaq:CHRW) | $9.51 billion | +1.9% |
| Con Way (NYSE:CNW) | $1.56 billion | +1.6% |
| Atlas Air Worldwide Holdings (Nasdaq:AAWW) | $1.39 billion | -1.6% |
| China Eastern Airlines Corp. Ltd (NYSE:CEA) | $3.63 billion | +1.5% |
J.B. Hunt Transport Services (Nasdaq:JBHT) has moved up 7.2% and is currently trading at $58.72 per share. At 2.4 million shares, the company's volume so far today is 2.1 times the average daily volume.
Hub Group (Nasdaq:HUBG) is at $30.02 per share after an increase of 3.3%. The company's volume for the day so far is 186,371 shares.
Werner Enterprises (Nasdaq:WERN) has risen 2.6% to hit a current price of $22.74 per share. At 372,578 shares, the company's volume so far today is consistent with its average over the last three months.
Con Way (NYSE:CNW) is currently trading at $28.28 per share, a 1.6% increase. The company's volume is currently 146,320 shares for the day, 0.2 times the average daily volume.
Falling 1.6%, Atlas Air Worldwide Holdings (Nasdaq:AAWW) is currently at a share price of $51.80. So far today, the company's volume is 24,031 shares.
After rising 1.5%, China Eastern Airlines Corp. Ltd (NYSE:CEA) is currently trading at a share price of $16.34. With 3,406 shares changing hands so far today, the company's volume is 0.2 times its average over the past three months.
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. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
by
Investopedia Staff
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