ViewRay shares are trading lower after the company filed voluntary Chapter 11 petitions.
Portfolio Pulse from Benzinga Newsdesk
ViewRay has filed for voluntary Chapter 11 bankruptcy, leading to a decrease in its share price.
July 17, 2023 | 11:50 am
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NEGATIVE IMPACT
ViewRay's stock price is expected to be negatively impacted due to the company's filing for Chapter 11 bankruptcy.
Companies filing for Chapter 11 bankruptcy often see a decrease in their stock price as investors lose confidence in the company's ability to generate profits. This is likely the case for ViewRay, hence the negative score.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100