Rite Aid Announces Receipt Of Notice Of Non-Compliance With NYSE Continued Listing Standards
Portfolio Pulse from Benzinga Newsdesk
Rite Aid Corporation has received a notice of non-compliance with NYSE continued listing standards due to its average closing price being less than $1.00 over a consecutive 30 trading-day period.
October 04, 2023 | 8:35 pm
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Rite Aid Corporation's stock price may be negatively impacted due to the notice of non-compliance with NYSE listing standards.
The notice of non-compliance with NYSE listing standards is a significant event for Rite Aid Corporation. It indicates that the company's stock price has been consistently low, which could lead to delisting if not corrected. This news could negatively impact investor sentiment and put downward pressure on the stock price.
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