Unico American Corporation shares are trading lower after the company announced it received a notice of delisting from the Nasdaq after its principal subsidiary, Crusader Insurance Company, was placed in conservation.
Portfolio Pulse from Benzinga Newsdesk
Unico American Corporation (UNAM) announced it received a notice of delisting from the Nasdaq after its principal subsidiary, Crusader Insurance Company, was placed in conservation.
June 09, 2023 | 6:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Unico American Corporation (UNAM) is trading lower after receiving a notice of delisting from the Nasdaq due to its subsidiary Crusader Insurance being placed in conservation.
Unico American Corporation (UNAM) received a notice of delisting from the Nasdaq, which is a negative event for the company. This is due to its principal subsidiary, Crusader Insurance Company, being placed in conservation. As a result, the stock price is likely to go down in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100