JOANN shares are trading lower after the Nasdaq determined that the company is no longer suitable for listing and its stock will be suspended on March 28.
Portfolio Pulse from Benzinga Newsdesk
JOANN shares are trading lower after the Nasdaq determined that the company is no longer suitable for listing, leading to a suspension of its stock on March 28.
March 25, 2024 | 4:07 pm
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JOANN's stock is trading lower following the Nasdaq's decision to suspend its listing due to unsuitability, effective March 28.
The Nasdaq's decision to suspend JOANN's stock due to unsuitability for listing directly impacts the company's stock price, leading to a decrease. This decision is a significant negative development for the company, affecting investor confidence and potentially limiting its access to capital markets.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100