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Shift technologies market cap12/14/2023 Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday.Why Is ParaZero Technologies (PRZO) Stock Up 62% Today?.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. No cash balance or cash flow is included in the calculation.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. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
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