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Why WeWork Stock Plunged 48% in December

TheMotleyFool

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Why WeWork Stock Plunged 48% in December: https://g.foolcdn.com/editorial/images/715812/office-building-skyscraper.jpg

Shares of WeWork (NYSE: WE) took a dive last month as fears continued to build around the company's ability to stay solvent in a potential recession.

There was no major company-specific news that impacted the stock, but a report in The Wall Street Journal and the Federal Reserve's forecast that interest rates would rise into 2023 both seemed to help push shares lower.

According to data from S&P Global Market Intelligence, the stock finished December down 48%. As the chart below shows, the stock fell steadily over the course of the month.

Source Fool.com

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