NYSE To Begin Delisting Proceedings Against Regis Corp
Portfolio Pulse from Benzinga Newsdesk
The New York Stock Exchange (NYSE) has announced that it will start delisting proceedings against Regis Corp, which is likely due to non-compliance with NYSE's listing standards.
December 13, 2023 | 9:25 pm
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Regis Corp (RGS) faces delisting from the NYSE, which could lead to decreased investor confidence and liquidity, potentially causing a decline in stock price.
Delisting from a major exchange like the NYSE typically results in reduced visibility and investor confidence, which can lead to a decrease in stock price. The process also indicates potential underlying issues with the company's ability to meet financial or other listing standards, which can further erode shareholder trust.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100