Why Surgalign Holdings Shares Are Trading Lower By Around 75%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Surgalign Holdings shares dropped by around 75% after filing for Chapter 11 bankruptcy. Other stocks experienced significant gains and losses during Tuesday's mid-day session, with Airspan Networks, Evelo Biosciences, and VCI Global among the top gainers.
June 20, 2023 | 5:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Surgalign Holdings shares dropped by around 75% after the company filed for Chapter 11 bankruptcy.
Surgalign Holdings filed for Chapter 11 bankruptcy, which is a significant negative event for the company. This filing indicates financial distress and potential restructuring, which can lead to a loss of investor confidence and a drop in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100