Why YRC Worldwide Stock Just Crashed 16%
Shares of trucking company YRC Worldwide (NASDAQ: YRCW) are down a staggering 16.2% in 11 a.m. EDT trading this morning -- rather an extreme reaction, one must say, to the news that sparked the sell-off. In fact, I'll bet that right about now, the analysts at Stifel Nicolaus are feeling more than a little bit shocked.
Stifel Nicolaus, you see, appears to be the catalyst that sparked today's sell-off -- or rather, a report published by Stifel this morning, resuming coverage of YRC stock.
Image source: Getty Images.
Source Fool.com
