Cue Health (US:HLTH) Investor Place·2024-05-30 12:04Core Viewpoint - Cue Health has announced plans to wind down its business through a Chapter 7 bankruptcy filing, leading to the termination of all employees, including executives and board members [1]. Group 1: Stock Performance - Following the bankruptcy announcement, Cue Health's stock experienced a nearly 40% decline on Wednesday, with approximately 70.9 million shares traded, significantly higher than its daily average of 9.2 million shares [2]. - Despite the bankruptcy news, Cue Health's stock rebounded by 98.9% on Thursday morning, with over 82 million shares traded during pre-market hours [2]. Group 2: Market Reactions - The volatility in Cue Health's stock is attributed to traders capitalizing on the price dip, likely buying shares to sell for profit shortly after [3]. - Caution is advised for traders considering investments in Cue Health stock, as the current rise may not be sustainable given the company's bankruptcy filing [3].