Under NYSE rules, Aeropostale has six months to raise its average stock price to at least $1 for 30 days.
(Reporting by Ramkumar Iyer in Bengaluru; Editing by Don Sebastian)
(Reuters) - Apparel retailer Aeropostale Inc said the New York Stock Exchange has warned that the average price of its shares had fallen below $1 for 30 trading days and it was considering a reverse stock split to return to compliance.
Under NYSE rules, Aeropostale has six months to raise its average stock price to at least $1 for 30 days.
(Reporting by Ramkumar Iyer in Bengaluru; Editing by Don Sebastian)
1st Jan change | Capi. | |
---|---|---|
+10.11% | 533M | |
-4.34% | 326M | |
-25.68% | 188M | |
+37.81% | 169M | |
-0.45% | 59.89M |