Yellow Roadway (YRCW) Paving The Quants With Some Red

Last week, there was plenty of fanfare from the "Fast Money" crew about how well the truckers must be doing, given that YRCW didn't miss the quarter. Unfortunately for those momentum investors chasing green, today the red lights were flashing, taking this trucking stock down -6.4% on the day.

Interestingly, two big "Quant" shops are long this name, and given that the short interest is a whopping 41% of the float, that liquidity factor could very well be part of the reason why.

AQR Capital and LSV Asset Management are the 2 reputable quant firms on the top 10 holders list.

Quantitative Strategies do pose serious stock specific and market related risks when they correlate. The % moves in YRCW in the past few weeks highlights an example of as much.
KM

(chart courtesy of stockcharts.com)

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