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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.
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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
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