Shares of trucking firm Yellow prolonged their rally on Tuesday, extending a busy buying and selling day after the corporate shut down operations forward of an anticipated chapter submitting.
The inventory has just lately risen about 80%, as inventory buying and selling has been halted and resumed a number of instances. It doubled yesterday, posting its largest single-day rise ever, and gave Yellow a market capitalization of about $91 million, based on market knowledge from Dow Jones.
The corporate, based mostly in Nashville, Tennessee, informed workers and prospects on Sunday that it was ceasing operations. It started in 1924 as a bus and taxi operation in Oklahoma.