NYSE Moves to Delist RadioShack

TWL_2015_feb_blog3The New York Stock Exchange announced this week that it would immediately suspend trading shares of stock for bankruptcy-bound electronics retailer RadioShack. The move sent investors scrambling to dump the plummeting stock, which closed at just 24 cents a share on Monday. According to USA Today, the stock’s value dropped even further to 14 cents in the after-hours market. The NYSE warned RadioShack that it would be delisted unless it produced a business plan that showed it was taking steps to increase its average market capitalization, which had fallen below $50 million for more than 30 consecutive trading days.

To learn more, read the full story.

Image Source: Mike Mozart