Trucking Firm Yellow Mulls Asset Sale Through Bankruptcy Filing
Portfolio Pulse from Benzinga Newsdesk
Trucking company Yellow Corp is considering selling its assets through a bankruptcy filing, according to Bloomberg.
August 04, 2023 | 6:50 pm
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Yellow Corp's potential bankruptcy filing and asset sale could negatively impact its stock price in the short term.
Bankruptcy filings typically lead to a decrease in a company's stock price as it indicates financial distress. The potential asset sale could also lead to uncertainty about the company's future operations, further impacting the stock price.
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