SmileDirectClub shares are trading lower after the company filed for Chapter 11 bankruptcy.
Portfolio Pulse from Benzinga Newsdesk
SmileDirectClub has filed for Chapter 11 bankruptcy, leading to a decrease in its share prices.
October 02, 2023 | 12:44 pm
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SmileDirectClub's filing for Chapter 11 bankruptcy has led to a decrease in its share prices.
The filing for Chapter 11 bankruptcy indicates financial distress, which is a negative signal to investors. This has led to a decrease in the demand for SmileDirectClub's shares, causing a drop in its share prices.
CONFIDENCE 100
IMPORTANCE 100
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