InVivo Therapeutics Holdings shares are trading higher amid volatility after the company previously filed for relief under the provisions of Chapter 11.
Portfolio Pulse from Benzinga Newsdesk
InVivo Therapeutics Holdings Corp. shares are experiencing increased trading activity and volatility following the company's recent filing for Chapter 11 bankruptcy protection.
February 06, 2024 | 8:29 pm
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InVivo Therapeutics Holdings Corp. has seen its shares become more volatile and trade higher after filing for Chapter 11 bankruptcy protection.
The filing for Chapter 11 bankruptcy protection typically indicates significant financial distress, but the short-term increase in stock price and trading volume may be due to speculative trading or investors betting on a potential restructuring that could favor equity holders.
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