MoviePass Hit by Outage After Temporarily Running Out of Cash

Shares had been trading at well under a dollar in recent weeks, but with that split, shares of Helios opened at $14.23 on Wednesday, then declined steadily to close at $10.60 a share, then closed at $6.83 on Thursday. The issue lost half its value in mid-session trading on Friday, falling to $3.52. – Dave McNary, Variety