Shares of beleaguered WeWork Inc. pulled back 20.7% in premarket trades Monday, after ending Friday’s session up 23%.
WeWork’s WEWKQ stock soared on its over-the-counter debut last week, just days after the office-sharing company filed for Chapter 11 bankruptcy protection. The company filed for Chapter 11 in New Jersey on Nov. 6 and its stock was halted before the open that day. The New York Stock Exchange started the delisting process for WeWork that same day.
Related:…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Read the full article here