Why Proterra (PTRA) Stock Hit A New All-Time Low Today
Portfolio Pulse from Henry Khederian
Proterra Inc (PTRA) shares are trading lower by 4.7% to $0.11 after the company announced it filed for Chapter 11 bankruptcy. The company plans to continue operations and secure funding for salaries, benefits, and vendor payments. The scheduled earnings conference call for August 9 was canceled.
August 14, 2023 | 6:33 pm
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Proterra's stock price has dropped significantly following the announcement of its Chapter 11 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 contribute to investor uncertainty, potentially leading to further price drops in the short term.
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