Breaking Finance News

RUMOR ROUNDUP- YRC Worldwide Down 17 Percent (YRCW)

Shares of YRC Worldwide (NASDAQ: YRCW) are down more than 17 percent Friday. The $160 million company has traded more than 2 million shares versus an average of 665,000.

Traders are listing a myriad reasons for the sell pressure today. Among those are the following.

Minyanville reports that hedge fund manager, Marc Lasry, of Avenue Capital Group purchased 175,000 shares for a total investment of $4,060,350.

On Twitter:

  On Stocktwits: “@cctranscripts: YRC Worldwide just filed its Tender offer statement by Issuer http://stks.co/eeGJ $YRCW”

Company Profile

YRC Worldwide Inc., through its subsidiaries, provides various transportation services primarily in North America. Its YRC Freight segment offers various services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products or components. It serves manufacturing, wholesale, retail, and government customers.

On Twitter Right Now

[stock-tools exchange="NASDAQ" symbol="YRCW" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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