3 Stocks Pushing The Transportation Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Transportation industry as a whole closed the day up 0.1% versus the S&P 500, which was unchanged. Laggards within the Transportation industry included Globus Maritime ( GLBS), down 2.2%, Danaos ( DAC), down 2.9%, China Eastern Airlines ( CEA), down 1.7%, Patriot Transportation Holdings ( PATR), down 2.0% and P AM Transportation ( PTSI), down 1.6%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

China Eastern Airlines ( CEA) is one of the companies that pushed the Transportation industry lower today. China Eastern Airlines was down $0.27 (1.7%) to $16.02 on light volume. Throughout the day, 7,663 shares of China Eastern Airlines exchanged hands as compared to its average daily volume of 16,000 shares. The stock ranged in price between $15.93-$16.04 after having opened the day at $16.03 as compared to the previous trading day's close of $16.29.

China Eastern Airlines has a market cap of $4.2 billion and is part of the services sector. Shares are down 15.3% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate China Eastern Airlines a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Delta Air, Air France, Virgin Atlantic, China Eastern Ink Billion-Dollar Deal

Asia's Flagship Carriers Leak Red Ink

Taking the Budget Airline to China Could Cost You

Stocks to Watch as the World's Largest Migration Begins

Delta Needs Creativity to Avoid IRS Tax Liability Turbulence