Mitchy: Why does Nasdaq delist only certain stocks under , but not others?
The reason why I ask is because I own one “penny stock” which has gained over 100% in 1 month and 3 days, yet is still under $ 1 (from 36 cents to 78 cents).
I keep watching to make sure it does not get a notification of delisting. Per Nasdaq, stocks must not fall below $ 1 but many do without getting delisted.
Answers and Views:
Answer by intensity & vivacity have failed
Typically a stock is delisted after 30 days of trading under a buck. However there may be exception if the stock owner is making or complying with restructure, etc.
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