Navidea Biopharmaceuticals Faces Trading Suspension As NYSE American Panel Upholds Decision; Anticipates Move To OTC Markets
Portfolio Pulse from Benzinga Newsdesk
Navidea Biopharmaceuticals is facing a trading suspension as the NYSE American Panel has upheld its decision. The company anticipates moving to OTC Markets.
October 06, 2023 | 6:53 am
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Navidea Biopharmaceuticals' trading is suspended following a decision by the NYSE American Panel. The company is planning to move to OTC Markets.
The decision by the NYSE American Panel to uphold the trading suspension of Navidea Biopharmaceuticals is a significant event for the company. This could lead to a decrease in the company's stock price in the short term as it indicates a lack of confidence in the company's financial stability. The company's anticipated move to OTC Markets could further impact the stock price as OTC stocks are generally considered riskier investments.
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