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UPS and Other Big Movers In Transportation on October 23, 2012
The market is having a bad day so far: the Nasdaq is trading down 0.9%; the S&P 500 has declined 1.5%; and the Dow has slipped 1.8%. 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 down 0.2%, outperforming the market overall. Currently, the biggest movers in the sector are:
Forex Broker Summary: Forex Capital Markets (FXCM)
Westinghouse Air Brake (NYSE:WAB) is trading at $81.55 per share, down 3%. So far today, 268,807 shares have changed hands. This is 1.4 times its average volume over the past three months.
Hub Group (Nasdaq:HUBG) is up 2.9% to reach a current price of $31.41 per share. The company's volume is currently 286,930 shares for the day, 0.9 times its current daily average.
Falling 2.8%, Ryanair Holdings plc (Nasdaq:RYAAY) is currently at a share price of $32.54. So far today, 119,862 shares have changed hands.
UPS (NYSE:UPS) has risen 2.7% and is currently trading at $73.51 per share. The company's volume is currently four million shares for the day,.
Copa Holdings (NYSE:CPA) has fallen 2.3% and is currently trading at $87.92 per share. This morning, the company is trading a volume of 88,947 shares. This is 0.3 times the average volume over the last three months.
Norfolk Southern (NYSE:NSC) is currently trading at a share price of $65.33, a 2.3% decline. So far today, the company's volume is 929,243 shares, 0.3 times the current daily average.
GATX (NYSE:GMT) has decreased to $41.96 per share, a 1.9% fall. So far today, the company's volume is 32,589 shares.
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. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The Transportation sector (IYT) is down 0.2%, outperforming the market overall. Currently, the biggest movers in the sector are:
| Company | Market Cap | Percentage Change |
| Westinghouse Air Brake (NYSE:WAB) | $4.03 billion | -3% |
| Hub Group (Nasdaq:HUBG) | $1.15 billion | +2.9% |
| Ryanair Holdings plc (Nasdaq:RYAAY) | $9.64 billion | -2.8% |
| UPS (NYSE:UPS) | $68.59 billion | +2.7% |
| Copa Holdings (NYSE:CPA) | $3.99 billion | -2.3% |
| Norfolk Southern (NYSE:NSC) | $21.35 billion | -2.3% |
| GATX (NYSE:GMT) | $2.01 billion | -1.9% |
Westinghouse Air Brake (NYSE:WAB) is trading at $81.55 per share, down 3%. So far today, 268,807 shares have changed hands. This is 1.4 times its average volume over the past three months.
Hub Group (Nasdaq:HUBG) is up 2.9% to reach a current price of $31.41 per share. The company's volume is currently 286,930 shares for the day, 0.9 times its current daily average.
Falling 2.8%, Ryanair Holdings plc (Nasdaq:RYAAY) is currently at a share price of $32.54. So far today, 119,862 shares have changed hands.
Copa Holdings (NYSE:CPA) has fallen 2.3% and is currently trading at $87.92 per share. This morning, the company is trading a volume of 88,947 shares. This is 0.3 times the average volume over the last three months.
Norfolk Southern (NYSE:NSC) is currently trading at a share price of $65.33, a 2.3% decline. So far today, the company's volume is 929,243 shares, 0.3 times the current daily average.
GATX (NYSE:GMT) has decreased to $41.96 per share, a 1.9% fall. So far today, the company's volume is 32,589 shares.
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. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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