Yangtze River Port and Logistics (YRIV) Stock: Here’s Why It’s Soaring

Yangtze River Port and Logistics Ltd YRIV Stock News

Yangtze River Port and Logistics Ltd (NASDAQ: YRIV) is soaring in the market today, gaining in multiples early on. However, if you’re looking for a press release or SEC filing that might be causing the gains, you’re going to be hard pressed.

Nonetheless, there’s a good reason for the run. Today, we’ll talk about:

  • Why YRIV stock is headed for the top;
  • what we’re seeing from the stock; and
  • what we’ll be watching for ahead.

Why YRIV Stock Is Running For the Top

As mentioned above, Yangtze River Port and Logistics is having a great day in the market today, but no news has been released. So, what’s the deal?

Well, the gains in YRIV seem to be the result of trade war news. Over the weekend a story broke that the United States and China are close to reaching an agreement. Should the agreement be reached, sanctions imposed by both sides of the ocean will be erased and economic development will likely improve in both regions.

From this news, YRIV seems to be a clear beneficiary. The company, headquartered in the United States not only got its name from a river in China, it provides services in the region.

Should the trade war come to an end, the company would likely see strong growth in revenue as lifted sanctions will likely mean more business for shippers that work in the region. Considering this, excited investors are sending the stock screaming for the top.

However, it’s also important to remember that there is a current case agains the company for which the deadline to get involved is today. The case suggests that Yangtze River made false and misleading statements associated with the leas of Wuhan Yangtze River Newport Logistics Center, calling the company’s statements “a complete fabrication.”

What We’re Seeing From The Stock 

One of the first lessons that we learn when we start to work in the market is that the news leads to moves. When it comes to Yangtze River, the company has released no news of its own, but recent correlated news has been positive.

So, it’s not surprising to see that excited invetors are pushing the stock on a run for the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:47), YRIV is trading at $1.06 per share after a gain of $0.61 per share or 134.64% thus far today.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on YRIV. In particular, we’re interested in following the story surrounding the company’s continued work to expand, especially considering the opportunities that may arise if the trade war were to come to an end. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

What Do You Think?

What do you think about YRIV? Share your thoughts in the comments below!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!

* indicates required


Leave a Reply to Chris Cancel reply

Please enter your comment!
Please enter your name here