Today’s Price Action: Could YRC Worldwide Inc Change Direction After Today’s Significant Decline?

Today's Price Action: Could YRC Worldwide Inc Change Direction After Today's Significant Decline?

The stock of YRC Worldwide Inc (NASDAQ:YRCW) is a huge mover today! About 1.20M shares traded hands or 51.51% up from the average. YRC Worldwide Inc (NASDAQ:YRCW) has risen 27.03% since April 14, 2016 and is uptrending. It has outperformed by 22.34% the S&P500.
The move comes after 6 months negative chart setup for the $362.99 million company. It was reported on Nov, 16 by Barchart.com. We have $9.37 PT which if reached, will make NASDAQ:YRCW worth $50.82 million less.

YRC Worldwide Inc (NASDAQ:YRCW) Ratings Coverage

Out of 2 analysts covering YRC Worldwide Inc (NASDAQ:YRCW), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. YRC Worldwide Inc has been the topic of 6 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Strong Buy” rating by Raymond James given on Wednesday, July 29. The rating was initiated by Deutsche Bank on Wednesday, November 2 with “Hold”. The stock of YRC Worldwide Inc (NASDAQ:YRCW) earned “Buy” rating by Deutsche Bank on Friday, July 31. Stifel Nicolaus upgraded YRC Worldwide Inc (NASDAQ:YRCW) on Friday, October 30 to “Buy” rating.

According to Zacks Investment Research, “YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.23, from 1.25 in 2016Q1. The ratio dropped, as 16 funds sold all YRC Worldwide Inc shares owned while 39 reduced positions. 14 funds bought stakes while 42 increased positions. They now own 25.08 million shares or 7.30% less from 27.05 million shares in 2016Q1.
Globeflex Lp reported 107,510 shares or 0.26% of all its holdings. Peak6 Investments L P has 0% invested in the company for 8,567 shares. Tower Research Cap Ltd Liability Co (Trc) last reported 2,619 shares in the company. Gp One Trading L P last reported 0.01% of its portfolio in the stock. The New York-based Tiaa Cref Invest Mngmt Llc has invested 0% in YRC Worldwide Inc (NASDAQ:YRCW). Secor Cap Advsrs Limited Partnership owns 25,224 shares or 0.03% of their US portfolio. The New York-based Highbridge Capital Management Ltd Com has invested 0% in YRC Worldwide Inc (NASDAQ:YRCW). Moreover, Vanguard Inc has 0% invested in YRC Worldwide Inc (NASDAQ:YRCW) for 1.41M shares. Barclays Public Limited has 0% invested in the company for 98,374 shares. Hutchin Hill Cap Ltd Partnership last reported 94,900 shares in the company. Mufg Americas Hldgs Corporation has invested 0% of its portfolio in YRC Worldwide Inc (NASDAQ:YRCW). Rhumbline Advisers last reported 36,610 shares in the company. Parametric Port Assocs Limited has 0% invested in the company for 59,275 shares. Teacher Retirement Systems Of Texas last reported 3,912 shares in the company. Martingale Asset Lp has 107,319 shares for 0.02% of their US portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 8 insider sales for $1.86 million net activity. 2,200 YRC Worldwide Inc (NASDAQ:YRCW) shares with value of $25,410 were sold by Hall Justin M.. Hawkins Darren sold $219,005 worth of stock or 18,896 shares. Another trade for 49,000 shares valued at $552,720 was made by Pierson Jamie G. on Friday, August 12. WELCH JAMES L sold $521,703 worth of stock. The insider Ware Scott D. sold $114,400. On Tuesday, August 9 O’Connor Thomas Joseph III sold $172,500 worth of the stock or 14,411 shares.

Another recent and important YRC Worldwide Inc (NASDAQ:YRCW) news was published by Fool.com which published an article titled: “Why YRC Worldwide Inc Shares Got Crushed” on February 05, 2016.

YRCW Company Profile

YRC Worldwide Inc. (YRC Worldwide), incorporated on January 28, 1983, is a holding firm that, through its subsidiaries and its interest in a Chinese joint venture, JHJ International Transportation Company, Ltd., offers a range of transportation services. The Firm has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. It offers supply chain solutions enabling clients to ship industrial, commercial and retail goods. The Firm operates through two divisions: YRC Freight and Regional Transportation.

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