YRC Worldwide Inc. (YRCW) Moves Higher on Volume Spike for March 29

Equities Staff  |

YRC Worldwide Inc. (YRCW) traded on unusually high volume on Mar. 29, as the stock gained 4.13% to close at $8.83. On the day, YRC Worldwide Inc. saw 1.38 million shares trade hands on 6,431 trades. Considering that the stock averages only a daily volume of 728,179 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $17.61 and $7.36 over the last 52-weeks, its 50-day SMA is now $11.27, and its 200-day SMA $12.40. YRC Worldwide Inc. has a P/B ratio of -0.85.

YRC Worldwide Inc offers transportation services. It has a comprehensive less-than-truckload networks in North America with local, regional, national and international capabilities.

Headquartered in Overland Park, KS, YRC Worldwide Inc. has 32,000 employees and is currently under the leadership of CEO James L. Welch.

For a complete fundamental analysis analysis of YRC Worldwide Inc., check out Equities.com’s Stock Valuation Analysis report for YRCW.

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To get more information on YRC Worldwide Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: YRCW’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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