YRC Worldwide (YRCW) has risen sharply, recording gains of 9.09% in the past 4 weeks. However, the stock has corrected -9.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.98% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.99% and the 50-Day Moving Average is 13.83%. YRC Worldwide (NASDAQ:YRCW): On Fridays trading session , Opening price of the stock was $11.5 with an intraday high of $11.6273. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.22. However, the stock managed to close at $11.28, a loss of 1.83% for the day. On the previous day, the stock had closed at $11.49. The total traded volume of the day was 632,527 shares.
The company Insiders own 3.3% of YRC Worldwide shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.16% . Institutional Investors own 82.82% of YRC Worldwide shares. During last six month period, the net percent change held by insiders has seen a change of -10.16%. Also, Deutsche Bank maintains its view on YRC Worldwide (NASDAQ:YRCW) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $15 per share to $13 per share on YRC Worldwide . The rating by the firm was issued on July 20, 2016.
YRC Worldwide Inc. is a holding company that, through its wholly owned subsidiaries and its interest in a Chinese joint venture, offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. It offers supply chain solutions enabling customers to ship industrial, commercial and retail goods. It operates in two segments, which include YRC Freight and Regional Transportation. The YRC Freight segment is focused on business opportunities in national, regional and international markets. YRC Freight provides for the movement of industrial, commercial and retail goods, through its subsidiary YRC Inc. (YRC Freight) and Reimer Express (YRC Reimer). Its Regional Transportation segment is a transportation service provider that comprises USF Holland Inc. (Holland), New Penn Motor Express, Inc. (New Penn) and USF Reddaway Inc. (Reddaway).