Friday, October 1, 2010

YRC reverse stock split

The proposed 25 for 1 reverse stock split of YRCW stock took place today.

The new symbol is YRCWD, and opened at 6.00 a share.

From The Journal of Commerce

Without the reverse stock split, YRC Worldwide faced delisting by the Nasdaq stock exchange, which requires companies to maintain a $1 minimum share value.

For most of the year, YRC's stock traded between 76 and 11 cents a share, hovering in the 20-40 cent range in recent weeks. A year ago it traded at $4.45 a share.

click here for link to article

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