WE

$0.13
+$0.00 (+0.0%)
Closing price April 17, 2024
A WeWork bankruptcy was inevitable, given how overbuilt it became, the impact of the COVID-19 pandemic and how its share price has tumbled.
In premarket action on Wednesday, the major indexes are trading lower. Bad news from Paycom and a likely bankruptcy filing from WeWork lead the downturn.
This office-sharing company was once among America’s most valuable private companies, but a a WeWork bankruptcy is about to become a reality.
WeWork recently missed payments on some of its debt, a bad sign for its viability.
Before U.S. markets open on Wednesday, these two once high flyers will report their second-quarter results.
WeWork is likely a candidate for bankruptcy after a catastrophic earnings report and the departure of its CEO.
WeWork wants to refinance $3 billion in debt. Will that save the company?
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Credit Suisse has initiated coverage on 25 U.S. REITs and picked five as their top investment picks. The firm sees 15% to over 100% upside in these stocks.