WE - WeWork Expected To File For Bankruptcy Next Week: Could The Stock See One More Pop? | Benzinga
WeWork Inc (NYSE: WE), the co-office space start-up that was once valued at nearly $50 billion (more than the market cap of Ford), will reportedly file for bankruptcy next week. The stock is now down more than 99% from its listing price but remains above $1 a share.
Shares of companies that are on the verge of bankruptcy can sometimes experience a so-called ‘dead-cat bounce’ on the way out.
Recall how, earlier this year, Bed Bath & Beyond’s stock moved higher despite announcing it would officially file ...