tsptalk
09-29-2018, 11:59 AM
Sears is now a penny stock
In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company's history, dropping as much as 15% to 85 cents in midday trading.
Falling into loose-change territory is more than embarrassing. Nasdaq, the exchange where Sears stock trades, could delist the company. That's a long process and would happen next year at the earliest.
https://money.cnn.com/2018/09/28/news/companies/sears-penny-stock/index.html
https://www.tsptalk.com/images/mb/092918a.gif
In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company's history, dropping as much as 15% to 85 cents in midday trading.
Falling into loose-change territory is more than embarrassing. Nasdaq, the exchange where Sears stock trades, could delist the company. That's a long process and would happen next year at the earliest.
https://money.cnn.com/2018/09/28/news/companies/sears-penny-stock/index.html
https://www.tsptalk.com/images/mb/092918a.gif