Why YRC Worldwide Stock Popped 12% This Morning
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.
Source Fool.com
