WeWork’s stock price has recovered nealry all of its losses from earlier in the week after the company revealed doubts about its future.
On Thursday, the coworking operator’s share price began to rise from a low of 13 cents midweek to 21 cents as of 1 p.m. ET on Friday. The stock plummeted earlier this week after the company posted unsatisfying second-quarter earnings. On the week, its share price is down just 4%.
WeWork and another penny stock company, biotech firm Amyris, were the second- and third-most-traded stocks, respectively, on Friday morning, Reuters reported. The activity was spurred by speculative bets from retail traders hoping for these businesses to turn around…