J.C. Penney is at risk of delisting from the New York Stock Exchange, after shares of the company traded under $1 for a period of 30 consecutive business days.
Department store chain J.C. Penney is at risk of delisting from the New York Stock Exchange.
Shares of the company traded under $1 for a period of 30 consecutive business days, the company announced on Thursday.Daniel Acker | Bloomberg | Getty Imagesis at risk of delisting from the New York Stock Exchange, after shares of the department store chain traded under $1 for a period of 30 consecutive business days, the company said Thursday.
The company said it received notice on Tuesday and has six months to regain compliance with the requirement., and reported a first-quarter financial loss of $154 million. The company is now valued at around $220 million.This is a breaking news story. Please check back for updates.
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