If YRC Worldwide Inc.’s stock price is any indicator, Wall Street is pleased with the company’s recent performance.
Bloomberg named the Overland Park less-than-truckload carrier (Nasdaq: YRCW) as one of its top 10 stocks to watch after it announced a positive operating income of $9.9 million in their first quarter earnings report on Friday.
It's the first time the company posted a positive operating income in the last six years.
The firm’s stock hit a 52-week high on Friday, jumping up to $11.60 a share from a market open of $9.89 a share. The previous high was $9.60 a share.
Around 11:30 CDT, the stock had receded back to $10.34 a share.
See a current stock price.