Enjoy Technology stock soars 400% to become latest bankrupt company to stage massive rally - Yahoo Canada Finance
7/6/2022 12:00:00 AM2 years 9 months ago
by Matthew Fox
by Matthew Fox
Enjoy's inability to raise cash by selling more stock amid a painful bear market means it now must reorganizing its debts in bankruptcy court.
Shares of Enjoy Technology extended a two-day rally to as much as 400% on Wednesday after the at-home retailer filed for Chapter 11 bankruptcy last week. The price action makes Enjoy the latest comp… [+2008 chars]
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