3 Stocks Pulling The Transportation Industry Downward
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One out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.
The Transportation industry currently sits up 0.4% versus the S&P 500, which is unchanged.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3. LATAM Airlines Group S.A (LFL) is one of the companies pushing the Transportation industry lower today. As of noon trading, LATAM Airlines Group S.A is down $0.14 (-0.9%) to $15.26 on light volume. Thus far, 114,374 shares of LATAM Airlines Group S.A exchanged hands as compared to its average daily volume of 552,200 shares. The stock has ranged in price between $15.20-$15.47 after having opened the day at $15.41 as compared to the previous trading day's close of $15.40.
LATAM Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services primarily in South America. LATAM Airlines Group S.A has a market cap of $7.3 billion and is part of the services sector. Shares are down 5.6% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate LATAM Airlines Group S.A a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates LATAM Airlines Group S.A as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full LATAM Airlines Group S.A Ratings Report now.