Sleep Number Corp is trading at $0.19 (6.4% down) in after-hours trading following news that the company has filed for Chapter 11 bankruptcy and received a Nasdaq notice to delist its shares.
- The stock previously plummeted approximately 42% to $0.21 during the June 18 regular session as the market reacted to the insolvency news.
- Investors are currently reassessing the company's residual equity value and the immediate risks associated with the delisting process.