The stock of WeWork Inc. (WE) has been suspended from trading since its opening, waiting for news to be released. The struggling flexible office space company did not respond to requests for comment regarding the suspension of trading. Before the suspension, the stock rose 35.3% before trading.
Late last Friday, the Business Wire news release service released its own press release, stating that investors should not pay attention to a previously released press release titled Cole Capital Funds' proposal to acquire a 51% minority stake in WeWork for $9 per share in cash.
The stock plummeted 65.8% last week, marking its largest weekly decline since trading began in its current form in October 2021, and closing at a historic low of 84 cents on Friday. In the past three months, the stock has fallen by 90.7%, while the S&P 500 index has fallen by 2.8%.

The stock of WeWork Inc. (WE) has been suspended from trading since its opening, waiting for news to be released. The struggling flexible office space company did not respond to requests for comment regarding the suspension of trading. Before the suspension, the stock rose 35.3% before trading.
Late last Friday, the Business Wire news release service released its own press release, stating that investors should not pay attention to a previously released press release titled Cole Capital Funds' proposal to acquire a 51% minority stake in WeWork for $9 per share in cash.
The stock plummeted 65.8% last week, marking its largest weekly decline since trading began in its current form in October 2021, and closing at a historic low of 84 cents on Friday. In the past three months, the stock has fallen by 90.7%, while the S&P 500 index has fallen by 2.8%.