Transportation Stocks Investors are Dumping This Morning on Monday

Through the early part of trading on Monday, September 12, 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.

United Parcel Service, Inc. (NYSE:UPS) is one of the sector losers in price. Its shares are trading at $63.20, down $1.14 (-1.6%) from the previous close of $64.22. 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: 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).

Norfolk Southern Corporation (NYSE:NSC) stocks are trading at $63.79. This is $1.17 (-1.6%) below the previous close of $64.83, making the company one of the biggest price losers in the sector today. Norfolk Southern Corp. is engaged in rail transportation of raw materials, intermediate products, and finished goods.

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) are trading at $19.19, down 44 cents (-2%) from the previous close of $19.58. CSX Corporation provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.

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).

Southwest Airlines Co. (NYSE:LUV) stocks are trading at $7.93. This is 16 cents (-1.6%) below the previous close of $8.06, making the company one of the biggest price losers in the sector today. Southwest Airlines Co. is a passenger airline that provides air transportation in the United States.

Stock Price Performance: From June 15, 2011, to September 9, 2011, the stock price had fallen $2.70 (-25.1%) from $10.76 to $8.06. 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).

Golar LNG Limited (NASDAQ:GLNG) is among the price losers in the sector. Its shares are trading at $30.50, which is 89 cents (-2.9%) below the previous close of $31.40. 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 14, 2011, to September 9, 2011, the stock price had fallen $6.17 (-16.4%) from $37.57 to $31.40. 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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