Seeking Alpha

It's a bad day for Affymax (AFFY), with the stock plunging 64% and hitting a new year low after...

It's a bad day for Affymax (AFFY), with the stock plunging 64% and hitting a new year low after announcing late Monday that it's slashing 75% of its workforce and considering filing for bankruptcy protection. The company is hiring a bank to look at strategic options, including a possible sale, a restructuring, or a winding down, but many are concerned that it may be too little, too late.
Comments (2)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    AFFY closed at 1.05, so still a free dollar remaining for shorts.
    19 Mar 2013, 06:31 PM Reply Like
  • Palmax
    , contributor
    Comment (1) | Send Message
     
    Bad day...
    19 Mar 2013, 10:49 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector