Shares of trucking firm Yellow continued to soar Tuesday, extending a stretch of busy buying and selling days after the corporate shut down operations forward of an anticipated chapter submitting.
The inventory was just lately up about 80%, rising as buying and selling within the shares was halted and restarted a number of instances. It greater than doubled yesterday, recording its largest one-day rise on document and giving Yellow a market capitalization of about $91 million, in keeping with Dow Jones Market Information.
The corporate, primarily based in Nashville, Tenn., on Sunday advised workers and clients it was ceasing operations. It began in 1924 as an Oklahoma bus and taxi operation.