Shares of YRC Worldwide Inc. YRCW are lower on the session by 7.76%, currently trading at $0.1937. The stock has been drifting lower and lower over the past six months as the stock nears potential bankruptcy.
Options traders are picking up some calls on the name today, though. The January 2011 $1.00 call was purchased 3,000 times, on the offer, for $0.05; open interest on the strike is 120,416 contracts.
YRCW said earlier in the month that it had amended a financing facility, providing it access to about $22 million in extra funds during the second quarter. Liquidity pressures continue to plague the company though.
YRC Worldwide Inc. is a holding company. YRC Worldwide, through wholly owned operating subsidiaries offers its customers a range of transportation services.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in