RYAAY, UAL And DAL, Pushing Transportation Industry Downward
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Two out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.
The Transportation industry currently sits down 0.6% versus the S&P 500, which is 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 $1.80 (-3.2%) to $54.30 on heavy volume. Thus far, 255,100 shares of Ryanair Holdings exchanged hands as compared to its average daily volume of 271,400 shares. The stock has ranged in price between $54.11-$55.80 after having opened the day at $55.80 as compared to the previous trading day's close of $56.11.
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 $15.4 billion and is part of the services sector. Shares are up 19.6% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Ryanair Holdings a buy, no analysts rate it a sell, and 3 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, growth in earnings per share, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Ryanair Holdings Ratings Report now.