Why Proterra (PTRA) Stock Hit A New All-Time Low Today
Portfolio Pulse from Henry Khederian
Proterra Inc (PTRA) shares have dropped by 22.9% to $0.12 after the company announced it has filed for Chapter 11 bankruptcy. Despite this, the company plans to continue operations and secure funding for salaries, benefits, and vendor payments. The scheduled earnings conference call for August 9 has been canceled.
August 10, 2023 | 3:52 pm
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Proterra's stock price has significantly dropped following the announcement of its bankruptcy filing. The company's operations will continue, but the scheduled earnings call has been canceled.
The announcement of Proterra's bankruptcy filing has led to a significant drop in its stock price. The cancellation of the earnings call may also negatively impact investor confidence.
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