RadioShack
Trading for
Under $1,
Could Be
Delisted From NYSE
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...
More about
Radioshack and
Business