PolarityTE shares are trading lower after the company filed voluntary petitions for relief under Chapter 11.
Portfolio Pulse from Benzinga Newsdesk
PolarityTE has filed voluntary petitions for relief under Chapter 11, causing its shares to trade lower.
June 07, 2023 | 6:37 pm
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NEGATIVE IMPACT
PolarityTE's stock price is trading lower after the company filed for Chapter 11 relief.
PolarityTE's decision to file for Chapter 11 relief indicates financial distress, which negatively impacts investor confidence and leads to a decline in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100