Transportation Stocks, Including Norfolk Southern, Making Big Moves on October 22, 2012

By Investopedia Staff | October 22, 2012 AAA

The Nasdaq has risen 0.5%, the S&P 500 is unchanged and the Dow has remained steady after the morning's trading. 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 climbed 0.4% so far today and here are its biggest movers:

Company Market Cap Percentage Change
US Airways (NYSE:LCC) $1.86 billion +3.9%
Teekay LNG Partners (NYSE:TGP) $2.44 billion -3%
Landstar System (Nasdaq:LSTR) $2.26 billion -2.5%
Hub Group (Nasdaq:HUBG) $1.18 billion -2.3%
Air (Nasdaq:AIRM) $1.35 billion +1.9%
Norfolk Southern (NYSE:NSC) $20.97 billion +1.8%
Huntington Ingalls Industries (NYSE:HII) $2.08 billion -1.8%

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Rising 3.9%, US Airways (NYSE:LCC) is currently trading at $11.92 per share. The company's volume for the day so far is 4.7 million shares.

Teekay LNG Partners (NYSE:TGP) is down 3% to reach $36.53 per share. So far today, 253,835 shares have changed hands, above yesterday's volume of 246,894 shares.

Landstar System (Nasdaq:LSTR) has fallen 2.5% and is currently trading at $47.33 per share. So far today, the company's volume is 215,018 shares. This is 0.7 times its current three-month average.

Hub Group (Nasdaq:HUBG) is trading at $30.53 per share, down 2.3%. So far today, the company's volume is 208,521 shares, 0.7 times the current daily average.

Air (Nasdaq:AIRM) is currently trading at $106.89 per share, a 1.9% increase. So far today, 63,452 shares have changed hands.

Norfolk Southern (NYSE:NSC) has increased to a share price of $66.83, a 1.8% rise. The company's volume is currently 3.4 million shares for the day,.

Currently trading at $41.27 per share, Huntington Ingalls Industries (NYSE:HII) has fallen 1.8%. So far today, 216,822 shares have changed hands. This is 0.9 times the average volume over the last three months.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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