Proterra Inc PTRA shares are trading lower by 4.7% to $0.11 Monday morning. The stock is trading lower on continued volatility after the company announced it filed for Chapter 11 bankruptcy.
The company says it will continue operations, securing funding through the process for salaries, benefits and vendor payments.
CEO Gareth Joyce emphasizes the company's EV battery technology and industry-leading products, aiming to focus and maximize independent potential.
Additionally, the scheduled earnings conference call for August 9, was canceled.
See Also: Why Yield10 Biosciences Stock Is Nosediving
According to data from Benzinga Pro, PTRA has a 52-week high of $7.70 and a 52-week low of $0.11.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
