23andMe Files Second Amended Bankruptcy Plan
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23andMe Holding (MEHCQ) has filed a Second Amended Joint Plan in its Chapter 11 bankruptcy case, which includes new claims and a potential Equity Sale Transaction. However, court approval is uncertain, and trading remains speculative. Spark's AI Analyst rates MEHCQ as Neutral, citing weak stock performance due to declining revenues and net losses. Technical analysis indicates a bearish trend, emphasizing the need for financial improvements to boost investor confidence. Current market cap stands at $106M with an average trading volume of 73,567.
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