Yellow Corp. Shares Skyrocket 500% in Five Days

Yellow shares soar following MFN Partners' 42.5% stake accumulation despite looming bankruptcy concerns.

Yellow Corp. Shares Skyrocket 500% in Five Days

Shares of the struggling trucking company Yellow Corporation (NASDAQ:YELL) have surged 500% in five days, following the accumulation of a 42.5% stake by hedge fund MFN Partners. Despite this surge, the author advises caution, noting the company's potential bankruptcy and Apollo Global Management's plans for super-senior debtor-in-possession financing, which would rank ahead of shareholders.

Source: SeekingAlpha

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