5 Transportation Stocks Rapidly Changing Hands After FedEx Downgrade

FedEx (NYSE:FDX) is affecting the entire Transportation (NYSE:IYT) sector after RBC Capital Mkts downgraded its rating on FedEx from Outperform to Sector Perform and changed its price target from $105 to $78. These stocks are very active in the Transportation (NYSE:IYT) sector.

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Shares of United Parcel Service, Inc. (NYSE:UPS) are among the most actively traded stocks in the market. There are 1.2 million shares trading hands at $64.64(+67 cents), making up a dollar volume of $80.8 million.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $8.55 (-11.7%) from $72.77 to $64.22. The stock price saw one of its best stretches over the last year between June 16, 2011 and June 23, 2011 when shares rose for six straight trading days, rising 3.3% (+$2.25). It saw one of its worst periods between July 21, 2011 and July 28, 2011 when shares fell for six straight trading days, falling 7.1% (-$5.22).

Shares of Union Pacific Corporation (NYSE:UNP) are among the most actively traded stocks in the market. They have a dollar volume today of $68 million, based on a current price of $86.94 (+$2.65) and 782,561 shares being traded.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $15.09 (-15.1%) from $100.18 to $85.09. 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 FedEx Corporation (NYSE:FDX) are among the most actively traded stocks in the market. There are 708,845 shares trading hands at $74.67(+$1.04), making up a dollar volume of $52.9 million.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $19.50 (-21%) from $92.90 to $73.40. The stock price saw one of its best stretches over the last year between June 16, 2011 and June 23, 2011 when shares rose for six straight trading days, rising 7.5% (+$6.47). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 9.3% (-$8.62).

Shares of Norfolk Southern Corporation (NYSE:NSC) are among the most actively traded stocks in the market. They have a dollar volume today of $43.4 million, based on a current price of $66.61 (+$1.85) and 651,696 shares being traded.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $8.77 (-11.9%) from $73.60 to $64.83. 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).

Shares of CSX Corporation (NYSE:CSX) have a dollar volume of $51.1 million based on a current price of $20.04(+53 cents) and 2.6 million shares traded.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $5.53 (-22%) from $25.11 to $19.58. 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).

 

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