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. | |
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+8.77% | 514M | |
-3.81% | 320M | |
+60.20% | 201M | |
-22.73% | 197M | |
-0.90% | 59.05M |