LumiraDX shares are trading lower after the company announced the receipt of the Nasdaq delisting determination.
Portfolio Pulse from Benzinga Newsdesk
LumiraDX shares are trading lower following the company's announcement of receiving a Nasdaq delisting determination.
October 30, 2023 | 2:39 pm
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NEGATIVE IMPACT
LumiraDX's stock price is falling after the company announced it has received a Nasdaq delisting determination.
The announcement of a Nasdaq delisting determination is a significant negative event for any company. This means that the company's stock will no longer be traded on the Nasdaq exchange, which can lead to a decrease in liquidity and potentially lower stock prices. As a result, LumiraDX's stock price is falling.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100