Blockbuster stock to be delisted from NYSE
Blockbuster's stock will no longer be available on the New York Stock Exchange (NYSE) starting next week, the company announced in a statement Thursday.
The issue, according to Blockbuster, started in November, when the NYSE contacted the company and informed it that because its shares had an average price of less than $1 over a consecutive 30-day period, it was in danger of being delisted from the market, if it couldn't find a remedy at its annual meeting in May. Since then, the company's stock price has stayed below $1 per share.
In an attempt to save … Read more