Allurion Receives Continued Listing Standards Notice From NYSE
Portfolio Pulse from Benzinga Newsdesk
Allurion Technologies, Inc. (NYSE:ALUR) received a notice from the NYSE for not meeting the continued listing standards, as its stock price averaged below $1.00 per share over a 30-day period. This notice does not result in immediate delisting.
August 15, 2024 | 8:08 pm
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Allurion Technologies received a notice from the NYSE for not meeting the continued listing standards, as its stock price averaged below $1.00 per share over a 30-day period. This notice does not result in immediate delisting.
The notice from the NYSE indicates that Allurion Technologies is not in compliance with listing standards, which could negatively impact investor confidence and the stock price in the short term. However, the lack of immediate delisting provides some time for the company to address the issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100