SmileDirectClub shares are trading lower after the company reported it received notice that its securities will be delisted from the Nasdaq.
Portfolio Pulse from Benzinga Newsdesk
SmileDirectClub (SDC) has received notice that its securities will be delisted from the Nasdaq, causing its shares to trade lower.
October 03, 2023 | 3:42 pm
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SmileDirectClub's securities are to be delisted from the Nasdaq, leading to a decrease in its share price.
The delisting of a company's securities from a major exchange like Nasdaq is a significant negative event. It often leads to a decrease in the liquidity of the stock and can cause a drop in the share price, as it has in the case of SmileDirectClub.
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IMPORTANCE 90
RELEVANCE 100