: WeWork stock still halted for news, with no release or comment from the company
Shares of WeWork Inc. WE are still halted for news, as they have been halted since before the open. The troubled flexible work space company did not respond to a request for comment regarding the halt. The stock was up 35.3% in the premarket before the halt. Late Friday, the Business Wire press release service issued it’s own release saying investors should disregard a previous release that ran, with the headline “A proposal by Cole Capital Funds Seeks to Acquire 51% of all minority ownership shares of WeWork, Inc. for $9.00 per share in Cash.” The stock had plunged 65.8% last week, the biggest weekly loss since the stock started trading in its current form in October 2021, to close Friday at a record low of 84 cents. The stock has lost 90.7% over the past three months, while the S&P 500 SPX has slipped 2.8%.
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