0 THE OBAMA ECONOMY - We may be losing another national chain store - RadioShack stock closes below $1 per share

Posted by Blogger Name. Category:

NEW YORK — RadioShack’s stock closed below $1 per share Friday for the first time in its history, reflecting investors’ concern over what lies in store for the long-struggling consumer electronics chain.
Shares of RadioShack Corp. fell 11 cents, or 10 percent, to close at 92 cents.

The New York Stock Exchange could delist the stock if it closes below $1 per share for 30 consecutive trading days.
The stock is well below its all-time high of $79.50, set in December 1999.

The shares’ sharp dive since then comes as RadioShack struggles to find its place in the evolving retail and technology landscape.

If shares remain below $1 and are delisted, that doesn’t automatically mean RadioShack faces immediate death. Its stock could still be traded in the over-the-counter market.

CLICK FOR MORE

Tweet

Komentar →