YRC Worldwide (YRCW) : Traders are bullish on YRC Worldwide (YRCW) as it has outperformed the S&P 500 by a wide margin of 14.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.89% in the last 1 week, and is up 14.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
YRC Worldwide Inc. is up 32.33% in the last 3-month period. Year-to-Date the stock performance stands at -19.75%. The stock has recorded a 20-day Moving Average of 0.85% and the 50-Day Moving Average is 12.57%.
YRC Worldwide (NASDAQ:YRCW): The stock opened at $11.46 on Friday but the bulls could not build on the opening and the stock topped out at $11.59 for the day. The stock traded down to $11.29 during the day, due to lack of any buying support eventually closed down at $11.38 with a loss of -1.22% for the day. The stock had closed at $11.52 on the previous day. The total traded volume was 396,588 shares.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of YRC Worldwide (NASDAQ:YRCW). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $13 per share from a prior target of $15. 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).