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ViewRay Inc (NASDAQ: VRAY) shares are trading lower by 13% to $0.07 Tuesday afternoon. The stock is falling on downward momentum after the company filed voluntary Chapter 11 petitions. ....
ViewRay announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware. The Company further disclosed that it intends to pursue a sale of its business under Section 363 of the Bankruptcy. ....