WeWork stock still halted for news, with no release or comment from the company

📆 11/6/2023 12:44 PM
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Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

Shares of WeWork Inc. WE, -24.73% are still halted for news, as they have been halted since before the open. The troubled flexible work space company did not respond to a request for comment regarding the halt. The stock was up 35.3% in the premarket before the halt.

Late Friday, the Business Wire press release service issued it’s own release saying investors should disregard a previous release that ran, with the headline “A proposal by Cole Capital Funds Seeks to Acquire 51% of all minority ownership shares of WeWork, Inc. for $9.00 per share in Cash.” The stock had plunged 65.8% last week, the biggest weekly loss since the stock started trading in its current form in October 2021, to close Friday at a record low of 84 cents. The stock has lost 90.

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