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YRCW - Why YRC Worldwide Stock Popped 12% This Morning
YRC Worldwide Inc.
Wednesday started off great for investors in less-than-truckload-weight (LTL) trucker YRC Worldwide (NASDAQ: YRCW) . Yesterday after close of trading, YRC released an investor presentation updating on its prospects, and in early trading, YRC shares responded enthusiastically to the news, rising nearly 12%.
As the day wears on, however, investor enthusiasm seems to be wearing thin. As of 12:10 p.m. EST, YRC shares have already retreated to just a 2.6% gain.
Why? Let's dig into the presentation and find out.