Transportation Stocks Getting Drop Kicked Now
These stocks are dragging down the Transportation (NYSE:IYT) sector today. 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.
United Parcel Service, Inc. (NYSE:UPS) is among the price losers in the market today as its stock price is $61.92, down 48 cents (-0.8%) from a previous close of $62.40. United Parcel Service, Inc. offers services in the package and freight delivery industry. It operates through three segments: International Package, U.S. Domestic Package and Supply Chain and Freight.
Stock Price Performance: During July 8, 2011 to August 5, 2011, the stock price had dropped $8.88 (-11.9%) from $74.57 to $65.69. 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 days, rising 3.3% (+$2.27) over that span. It saw one of its worst periods between July 21, 2011 and July 28, 2011 when shares fell for six-straight days, falling 7.1% (-$5.26) over that span.
Copa Holdings, S.A. (NYSE:CPA) is one of the market losers in price today. Its shares are trading at $61.48, down 22 cents (-0.3%) from a previous close of $61.69. Copa Holdings SA is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa and AeroRepublica.
Stock Price Performance: During July 8, 2011 to August 5, 2011, the stock price had dropped $6.35 (-9%) from $70.41 to $64.06. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 5.7% (+$2.99) over that span. It saw one of its worst periods between August 17, 2010 and August 26, 2010 when shares fell for eight-straight days, falling 11.2% (-$5.81) over that span.