3 Stocks Pulling The Transportation Industry Downward
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All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3. Ryanair Holdings (RYAAY) is one of the companies pushing the Transportation industry lower today. As of noon trading, Ryanair Holdings is down $0.80 (-1.4%) to $58.04 on light volume. Thus far, 126,024 shares of Ryanair Holdings exchanged hands as compared to its average daily volume of 354,600 shares. The stock has ranged in price between $57.50-$59.18 after having opened the day at $58.92 as compared to the previous trading day's close of $58.84.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, continental Europe, and Morocco. Ryanair Holdings has a market cap of $16.0 billion and is part of the services sector. Shares are up 25.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Ryanair Holdings a buy, 1 analyst rates it a sell, and none rate it a hold.
TheStreet Ratings rates Ryanair Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ryanair Holdings Ratings Report now.