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Smiledirectclub Inc - Ordinary Shares - Class A Stock News
SmileDirectClub Inc. said late Friday it was winding down operations, effective immediately, seeming to cast its millions of customers adrift — except when it comes to their bills.
In business, as in life, there are no guarantees of success. And to put a twist on an observation by poet Robert Burns, the best laid plans of digital, app-driven platforms looking to upend the way things have always been done … can go astray.
October has just begun, but this month is already shaping up to be scary. The S&P 500 closed last week roughly where the month started, but geopolitical turmoil, economic unease and more are combining to spook markets and investors.
SmileDirectClub (NASDAQ: SDC ) stock is taking a beating on Tuesday as the company's shares continue to fall on a bankruptcy filing. SmileDirectClub announced the bankruptcy yesterday and said it's undergoing this action to enact a recapitalization transaction.
The bond market is front and center for investors these days, with JPMorgan warning of a “financial accident” if yields keep going up, driving prices lower.
The sudden and unexpected bankruptcy filing by SmileDirectClub — the controversial tele-dentistry company — has some investors likely hoping it will make a comeback and survive through an acquisition.
SmileDirectClub (NASDAQ: SDC ) stock is a hot topic among traders after the online orthodontics company filed for bankruptcy. With that filing comes a reignited interest from investors who may be looking to short squeeze the stock.
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