Yunji Regains Compliance With Nasdaq's Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Yunji has regained compliance with Nasdaq's minimum bid price requirement. The closing bid price of the company's ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from June 20, 2023, through July 3, 2023.
July 07, 2023 | 10:03 am
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POSITIVE IMPACT
Yunji's stock price may see a positive impact as the company has regained compliance with Nasdaq's minimum bid price requirement.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive signal for the company. It indicates that the company's stock price has been stable at $1.00 or above for 10 consecutive business days, which may boost investor confidence and potentially lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100