5 Transportation Stocks Getting Tossed on Economic Fears: UNP, NSC, CSX, LUV, JBHT

Through most of the trading day on Monday, September 19, 2011, these stocks are bringing down the Transportation (NYSE:IYT) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Union Pacific Corporation (NYSE:UNP) is among the price losers in the sector as its stock price is $88.30, down $3.48 (-3.6%) from the previous close of $91.64. Union Pacific Corporation links 23 states in the western two-thirds of the country through its operating company, Union Pacific Railroad Company.

Stock Price Performance: From July 21, 2011, to September 16, 2011, the stock price had fallen $12.21 (-11.8%) from $103.85 to $91.64. The stock price saw one of its best stretches over the last year between April 21, 2011 and May 3, 2011 when shares rose for eight straight trading days, rising 8.1% (+$7.70). It saw one of its worst periods between January 13, 2011 and January 25, 2011 when shares fell for eight straight trading days, falling 6.1% (-$5.92).

Shares of Norfolk Southern Corporation (NYSE:NSC) are trading at $67.62, down $2.94 (-4%) from the previous close of $70.42. Norfolk Southern Corp. is engaged in rail transportation of raw materials, intermediate products, and finished goods.

Stock Price Performance: From August 18, 2011, to September 16, 2011, the stock price had risen $6.18 (9.6%) from $64.24 to $70.42. The stock price saw one of its best stretches over the last year between February 3, 2011 and February 17, 2011 when shares rose for 11 straight trading days, rising 7.2% (+$4.32). It saw one of its worst periods between July 28, 2011 and August 4, 2011 when shares fell for six straight trading days, falling 9.5% (-$7.20).

CSX Corporation (NYSE:CSX) is one of the sector losers in price. Its shares are trading at $20.38, down $1.13 (-4.9%) from the previous close of $21.43. CSX Corporation provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.

Stock Price Performance: From June 22, 2011, to September 16, 2011, the stock price had fallen $3.98 (-15.7%) from $25.41 to $21.43. The stock price saw one of its best stretches over the last year between December 23, 2010 and January 3, 2011 when shares rose for seven straight trading days, rising 3.1% (+65 cents). It saw one of its worst periods between September 24, 2010 and October 4, 2010 when shares fell for seven straight trading days, falling 3% (-56 cents).

Shares of Southwest Airlines Co. (NYSE:LUV) are trading at $8.56, down 41 cents (-4.6%) from the previous close of $8.97. Southwest Airlines Co. is a passenger airline that provides air transportation in the United States.

Stock Price Performance: From June 22, 2011, to September 16, 2011, the stock price had fallen $2.04 (-18.5%) from $11.01 to $8.97. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 11, 2011 when shares rose for eight straight trading days, rising 7.1% (+82 cents). It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight straight trading days, falling 7.5% (-79 cents).

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) stocks are trading at $38.74. This is $1.28 (-3.2%) below the previous close of $40.02, making the company one of the biggest price losers in the sector today. J.B. Hunt Transport Services, Inc is the wholesale distributor of specialty technology products, providing value-added distribution sales to resellers in the specialty technology markets.

Stock Price Performance: From July 21, 2011, to September 16, 2011, the stock price had fallen $7.30 (-15.4%) from $47.32 to $40.02. The stock price saw one of its best stretches over the last year between March 23, 2011 and March 31, 2011 when shares rose for seven straight trading days, rising 5.8% (+$2.49). It saw one of its worst periods between August 12, 2011 and August 19, 2011 when shares fell for six straight trading days, falling 10.6% (-$4.38).

 

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