J.C. Penney receives noncompliance notice from NYSE
J.C. Penney Co. Inc. JCP, -4.78% stock fell 2% in Monday premarket trading after the struggling department store retailer announced that it has received a
letter of non-compliance. rules state that companies have to maintain an average closing share price of at least $1 for 30 consecutive days. J.C. Penney stock closed Friday at 74.5 cents. The letter, received on Jan. 31, says J.C. Penney has six months from the receipt to regain compliance with the share price rule. J.C. Penney previously received a letter of non-compliance in August 2019. J.C. Penney stock has tumbled 43.6% over the last year while the ProShares Decline of the Retail Store ETF EMTY, +3.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. will send more flights to bring back citizens from Hubei province - PompeoU.S. Secretary of State Mike Pompeo said the United States will send a handful o...
Read more »
Asian shares sink as virus fears maul China's marketsAsian shares were dragged to near two-month lows on Monday by Chinese markets, w...
Read more »
Iran not sharing evidence from airline crash with Ukraine after audio leak: Iran officialIran is no longer sharing evidence from the investigation into the Ukraine airli...
Read more »
Shares of food delivery giant Just Eat-Takeaway start tradingShares in Just Eat-Takeaway, the company forged by Dutch online service Takeaway...
Read more »
European shares inch higher on Brexit relief; Coronavirus fears cap gainsEuropean shares opened a tad higher on Monday as investors were relieved that th...
Read more »