🔴 Sleep Number Corp is trading 42% down today following a Nasdaq delisting notice and bankruptcy filing

Sleep Number Corp is trading 42% down at $0.23 as investors react to the company’s Chapter 11 bankruptcy and looming delisting from the Nasdaq.

• The stock had jumped 120.84% on June 17 to $0.39, but a June 16 Nasdaq notice to delist the shares has pressured the stock sharply lower.
• The delisting follows the company's June 12 Chapter 11 filing, reinforcing fears that common shareholders may see little or no recovery.