Babylon Holdings Announces Receipt Of Continued Listing Standards Notice From NYSE And Upcoming Delisting
Portfolio Pulse from Benzinga Newsdesk
Babylon Holdings has received a notice from the New York Stock Exchange (NYSE) regarding its failure to meet continued listing standards. As a result, the company is facing an upcoming delisting.
June 28, 2023 | 8:43 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Babylon Holdings is facing delisting from the NYSE due to its failure to meet continued listing standards.
The delisting of a company from a stock exchange is generally viewed negatively as it reduces the liquidity of its shares and may affect the company's reputation. This could lead to a decrease in Babylon Holdings' stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100