To return to floor trading, a stock must trade above $1.10 a share for (gasp) an entire day. However, if the stock trades below $1 over a consecutive 30-day trading period, it could be de-listed. For now, the stock will trade on electronic markets, including Arca.
Analysts questioned Gatehouse Media’s plan to fund expansion with debt while paying a significant dividend.
Friday, July 18, 2008
GateHouse Media evicted from floor trading
A market analysis website, Minyanville, reports GateHouse Media is no longer allowed to trade on the floor of the New York Stock Exchange:
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