Investors Purchase Large Volume of Yrc Worldwide Put Options (YRCW)
Shares of Yrc Worldwide (NASDAQ:YRCW) saw unusually large options trading activity on Thursday. Traders purchased 14,898 put options on the stock, Stock Ratings Network reports. This represents an increase of 497% compared to the average volume of 2,497 put options.
A number of research firms have recently commented on YRCW. Analysts at BB&T Corp. cut their price target on shares of Yrc Worldwide to $20.00 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Analysts at Zacks downgraded shares of Yrc Worldwide from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $10.10 price target on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.28.
Shares of Yrc Worldwide (NASDAQ:YRCW) traded down 16.02% during mid-day trading on Thursday, hitting $15.67. The stock had a trading volume of 5,262,649 shares. Yrc Worldwide has a 52-week low of $5.75 and a 52-week high of $36.99. The stock has a 50-day moving average of $12.94 and a 200-day moving average of $18.07. The company’s market cap is $159.0 million.
Yrc Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, November 7th. The company reported ($4.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by $3.99. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted ($4.30) earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Yrc Worldwide will post $-11.21 earnings per share for the current fiscal year.
YRC Worldwide Inc (NASDAQ:YRCW) is a holding company.
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