The Rocket Ride for Yellow Stock Is Back on Today
Shares of the trucking company, which is expected to file for bankruptcy after saying over the weekend that it was shutting down operations, rose nearly 600% over three trading sessions through Tuesday. That rocket ride slowed yesterday, but it’s back on.
Yellow stock was recently up roughly 30%, trading near $4.25. While that doesn’t have it back above Tuesday’s intraday high of $5 a share, it erases yesterday’s decline.