Amyris shares are trading higher as the stock rebounds following a steep selloff yesterday after the company announced it filed for Chapter 11 bankruptcy.
Portfolio Pulse from Benzinga Newsdesk
Amyris Inc. shares are trading higher after a steep selloff yesterday. The selloff was triggered by the company's announcement that it has filed for Chapter 11 bankruptcy.
August 11, 2023 | 12:32 pm
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Amyris Inc. shares are recovering after a steep selloff triggered by the company's bankruptcy filing.
The news of Amyris filing for bankruptcy led to a steep selloff of its shares. However, the shares are now rebounding, indicating that investors may be seeing this as a temporary setback or an opportunity to buy at a lower price. This could potentially lead to a short-term increase in the stock price.
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