Company Analysis - iRobot Corporation (IRBT) experienced a significant decline in share price to $1.29, down by $3.02 or 70.02%, potentially due to competitive pressures and global supply chain issues [2] - iRobot filed for Chapter 11 bankruptcy protection, indicating that under the Picea Robotics acquisition plan, current shareholders will be completely wiped out, which could lead to a 'Zombie Squeeze' scenario for the stock [2] - Luminar Technologies, Inc. (LAZR) saw its share price decrease to $0.38, a decline of $0.51 or 57.03%, as it operates in the highly speculative and competitive autonomous vehicle market [3] - Luminar also filed for Chapter 11 bankruptcy protection following layoffs, executive departures, and a legal dispute with its largest customer, Volvo [3] Industry Overview - The market movements reflect a combination of industry-specific challenges and broader economic conditions affecting investor confidence and stock valuations [4] - Significant price changes underscore the volatility and risks inherent in the stock market, particularly for companies in rapidly evolving industries or those facing unique operational challenges [4] - Investors and stakeholders in these companies will likely be closely monitoring for any developments that could influence future performance and market positions [4]

IRobot Corp. (NASDAQ:IRBT) filed for Chapter 11 bankruptcy protection on Sunday, explicitly stating that under the Picea Robotics acquisition plan current shareholders will be wiped out. IRBT stock is crashing. See the chart and price action here. The equity value is effectively zero. But for the “degen” trader, the fun is just beginning.Read Next: Top Stocks With Earnings This Week: Micron, FuelCell, Carnival and More Retail traders with a very high risk tolerance might look for a “zombie squeeze” from iRo ...