Railroad Stocks are Selling Off in the Transportation Sector This Morning: UNP, NSC, CSX, JBHT, GLNG

Through the early part of trading on Wednesday, September 14, 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) stocks are trading at $85.92. This is $1.71 (-1.8%) below the previous close of $87.47, making the company one of the biggest price losers in the sector today. 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 18, 2011, to September 13, 2011, the stock price had fallen $12.50 (-12.5%) from $99.97 to $87.47. 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 $65.77, down $1.30 (-1.7%) from the previous close of $66.88. Norfolk Southern Corp. is engaged in rail transportation of raw materials, intermediate products, and finished goods.

Stock Price Performance: From July 18, 2011, to September 13, 2011, the stock price had fallen $6.13 (-8.4%) from $73.01 to $66.88. 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 $19.84, down 44 cents (-1.9%) from the previous close of $20.22. CSX Corporation provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.

Stock Price Performance: From July 18, 2011, to September 13, 2011, the stock price had fallen $4.83 (-19.3%) from $25.05 to $20.22. 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).

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is among the price losers in the sector as its stock price is $38.90, down 69 cents (-1.6%) from the previous close of $39.55. 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 18, 2011, to September 13, 2011, the stock price had fallen $8.29 (-17.3%) from $47.84 to $39.55. 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).

Golar LNG Limited (NASDAQ:GLNG) is among the price losers in the sector. Its shares are trading at $31.46, which is 66 cents (-2.2%) below the previous close of $32.17. Golar LNG Energy Limited engages in the acquisition, ownership, operation, and chartering of liquefied natural gas (AMEX:LNG) carriers and floating storage regasification units.

Stock Price Performance: From July 18, 2011, to September 13, 2011, the stock price had fallen $5.17 (-13.8%) from $37.34 to $32.17. The stock price saw one of its best stretches over the last year between June 30, 2011 and July 8, 2011 when shares rose for six straight trading days, rising 11.7% (+$4.06). It saw one of its worst periods between August 30, 2011 and September 6, 2011 when shares fell for five straight trading days, falling 5.9% (-$1.92).

 

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