What's Going On With Yellow Corporation Stock?

Yellow Corporation YELL shares are blasting higher Monday. The trucking company ceased operations on Sunday, according to a Wall Street Journal report.

What To Know:

Shares of YELL are up 84.6% on very heavy trading volume, and trading has been halted to the upside multiple times. According to data from Benzinga Pro, more than 96 million shares have been traded in the session, far exceeding the stock's 100-day average of just under 2.6 million shares.  The stock has attracted the attention of short sellers with 18.2% of available shares being sold short.

Yellow Corporation is expected to file bankruptcy in the coming days, and the company ceased all operations on Sunday.

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YELL Price Action: According to Benzinga Pro, YELL shares are trading 91.7% higher at $1.36 at the time of publication.

Image: Courtesy of Yellow Corporation