Struggling WeWork Stock Hits Record Lows

The company made the decision to withhold $95 million in interest payments

Deputy Editor
Oct 3, 2023 at 3:09 PM
facebook X logo linkedin

The shares of WeWork Inc (NYSE:WE) are plummeting to record lows today, after the company's decision to withhold interest payments of about $95 million related to some of its notes. WeWork has a 30-day grace period to make these payments, planning to discuss options with lenders and hold on to some liquidity in the meantime. 

A couple months ago, the business put forth doubts over its ability to stay in business. WeWork stock then quickly dropped into penny stock territory, and is currently down 22.9% at $2.27 at last glance, earlier hitting an all-time low of $2.21. Since the start of 2023, the shares are down 96%. 

Options bears are likely cheering today's dive, as puts have been far outweighing calls, per WE's 10-day put/call volume ratio of 6.40 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than all other readings from the past year. Today, the 5,952 puts exchanged so far today nearly double the 2,770 calls. 





How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.