Tattooed Chef shares are trading lower after the company announced it intends to file for voluntary Chapter 11 Bankruptcy protection.
Portfolio Pulse from Benzinga Newsdesk
Tattooed Chef has announced its intention to file for voluntary Chapter 11 Bankruptcy protection, causing its shares to trade lower.
July 03, 2023 | 12:36 pm
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Tattooed Chef's announcement of its intention to file for Chapter 11 Bankruptcy protection has led to a decrease in its share price.
The announcement of a bankruptcy filing typically leads to a decrease in a company's share price as it indicates financial distress. This is the case with Tattooed Chef, as its shares are trading lower following the announcement.
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