Friday, August 9, 2019

J.C. Penney at risk of delisting

J.C. Penney has received notice from The New York Stock Exchange.

The struggling department store retailer announced it received notice on August 6 that it is no longer in compliance with the NYSE’s listing criteria. The criteria requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. Penney, which last closed at $1.00 on June 6, has six months from receiving the notice to regain compliance with the requirement . . . more

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