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06-20-2014, 07:43 PM
RadioShack Trading for Under $1, Could Be Delisted From NYSE
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RadioShack's stock has passed a milestone — a bad one
The company's stock price dipped below $1 on Friday. In late morning trading, the stock was trading at $0.93. RadioShack's market cap is **w $92.7 million, compared with $9.9 billion for rival Best Buy.
See also: RadioShack May Soon Be Over and Out (http://mashable.com/2014/06/10/radioshack-over-and-out/?utm_medium=feed&utm_source=rss)
The $1 mark is more than just a psychological barrier; the New York Stock Exchange can delist the stock. As USA Today (http://usatoday30.usatoday.com/money/perfi/columnist/krantz/2009-01-12-delisting-stocks_N.htm)'s Matt Kranz **ted in a 2009 column, "falling below a $1 a share is **rmally the beginning of the end for many stocks." The NYSE **rmally launches a review when a stock drops into the single digits Read more... (http://mashable.com/2014/06/20/radio-shack-1-dollar-nyse/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Radioshack (http://mashable.com/category/radioshack/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss) and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/bIAa8nq0l6s
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RadioShack's stock has passed a milestone — a bad one
The company's stock price dipped below $1 on Friday. In late morning trading, the stock was trading at $0.93. RadioShack's market cap is **w $92.7 million, compared with $9.9 billion for rival Best Buy.
See also: RadioShack May Soon Be Over and Out (http://mashable.com/2014/06/10/radioshack-over-and-out/?utm_medium=feed&utm_source=rss)
The $1 mark is more than just a psychological barrier; the New York Stock Exchange can delist the stock. As USA Today (http://usatoday30.usatoday.com/money/perfi/columnist/krantz/2009-01-12-delisting-stocks_N.htm)'s Matt Kranz **ted in a 2009 column, "falling below a $1 a share is **rmally the beginning of the end for many stocks." The NYSE **rmally launches a review when a stock drops into the single digits Read more... (http://mashable.com/2014/06/20/radio-shack-1-dollar-nyse/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Radioshack (http://mashable.com/category/radioshack/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss) and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/bIAa8nq0l6s