RadioShack Trading for Under $1, Could Be Delisted From NYSE
 

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


The $1 mark is more than just a psychological barrier; the New York Stock Exchange can delist the stock. As USA Today'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...

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