What's Going On With WeWork Stock Today?
Portfolio Pulse from Erica Kollmann
WeWork Inc. (NYSE:WE) shares surged nearly 50% on heavy trading volume, with over 26 million shares traded in the session, compared to the average volume of 1.354 million shares. Despite the surge, WeWork shares remain down nearly 40% over the last month. The company, which effected a 1-for-40 reverse stock split on Sept. 1, has become a popular 'meme stock' among retail investors.
September 12, 2023 | 6:41 pm
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WeWork shares surged nearly 50% on heavy trading volume, indicating high interest among investors. However, the stock remains down nearly 40% over the last month.
The surge in WeWork's stock price on heavy trading volume indicates high interest among investors. However, the stock's overall downward trend over the last month suggests that this surge may be temporary. The company's status as a 'meme stock' could also contribute to volatility in its stock price.
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