Sleep Number Corp

SNBR remains in a pronounced Stage 4 decline with price below all major EMAs; extreme oversold readings fail to trigger mean-reversion, and a recent bounce into the 9- and 21-EMA zone was decisively rejected, so bearish engagement is warranted now under a Speculative framework.

• ↑Court-approved $415M sale to Sleep Country Canada offers balance sheet relief.
• ↑Chapter 11 filing allows uninterrupted sales, delivery, and warranty services.
• ↓Chapter 11 filing confirms severe financial distress with $260M debt load.