Why Is Maris Tech (MTEK) Stock Up 27% Today?.

You can find more on these matters at the links below! More Monday Stock Market News We have all of the biggest stock market news that investors need to know about this morning! A few examples include what has shares of Maris Tech (NASDAQ: MTEK) and ParaZero Technologies (NASDAQ: PRZO) stock up today, as well as the biggest pre-market stock movers this morning. Investors seeking even more of the most recent stock market stories for Monday will want to keep reading! It also has SFT shares down 85.9% as of Monday morning.

That’s already above its daily average trading volume of about 221,000 shares. This has around 1.2 million shares of SFT stock changing hands as of this writing. Investors are selling shares before they lose all of their value. That’s why it makes sense the company’s shares are experiencing such a massive drop in price today. Ultimately, the extensive efforts of our senior leadership team and advisors were not successful.” What This Means for SFT StockĬonsidering Shift Technologies is planning to close down its business with this bankruptcy filing, SFT stock won’t remain around for much longer.

This decision follows months of trying to raise capital and restructure the balance sheet to allow the Company to operate unencumbered in this challenging environment. “This was not the outcome we had expected or hoped to achieve. The company intends to use funds from the liquidation of its business to operate through the bankruptcy filing.Īyman Moussa, CEO of Shift Technologies, said the following about the planned bankruptcy filing: Shift Technologies notes it has already closed its two locations in Oakland and Pomona, California, as well as its website. The bankruptcy filing includes the main company, as well as all of its subsidiaries. Shift Technologies (NASDAQ: SFT) stock is crashing on Monday after the e-commerce company said it would file for Chapter 11 bankruptcy protection.Īccording to a press release from Shift Technologies, it would use this bankruptcy filing to allow for the orderly wind-down of its business.

Shift technologies company