WeWork Inc (NYSE:WE), the co-office space start-up that was once valued at nearly $50 billion (more than the market cap of Ford), will reportedly file for bankruptcy next week. The stock is now down more than 99% from its listing price but remains above $1 a share. 

Shares of companies that are on the verge of bankruptcy can sometimes experience a so-called ‘dead-cat bounce’ on the way out.

Recall how, earlier this year, Bed Bath & Beyond’s stock moved higher despite announcing it would officially file for Chapter 11 bankruptcy.

Some investors may think that the zombie company will be acquired for parts by a larger corporation. Other traders may be looking for some sort of ‘dead-cat bounce’ or short squeeze.

But, so far, there’s been nothing to reward people buying WeWork’s stock on the way down. The stock is currently trading down more than 50% in the last few days after news of its planned bankruptcy broke. 

Someone could come in and buy WeWork for parts. But until then, it’s unlikely that the stock sees any sort of meaningful bounce, outside small rallies that should not last.