Shares of trucking company Yellow continued to soar early Tuesday, extending a stretch of busy trading days after the company shut down operations ahead of an expected bankruptcy filing.

The stock was recently up more than 50%. It more than doubled yesterday, recording its largest one-day rise on record and giving Yellow a market capitalization of about $91 million, according to Dow Jones Market Data.

The company, based in Nashville, Tenn., on Sunday told employees and customers it was ceasing operations. It started in 1924 as an Oklahoma bus and taxi operation.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *