J.C. Penney at Risk of Dropping Off NASDAQ — Chain Store Age

J.C. Penney is once again at risk of stock delisting as its shares fall below $1:

“J.C. Penney Co. announced that the company has received a notice from the New York Stock Exchange that it no longer meets the exchange’s criteria for a continued listing. NYSE rules state that companies have to maintain an average closing share price of at least $1 for 30 consecutive days.”

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