Why Altisource Asset Management (AAMC) Stock Is Down 46%
Portfolio Pulse from Henry Khederian
Altisource Asset Management Corp (AAMC) shares dropped 43.6% after announcing plans to voluntarily delist from the NYSE American due to non-compliance with listing standards and to save costs. The delisting is expected to take effect by September 16.
August 27, 2024 | 12:14 pm
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Altisource Asset Management Corp (AAMC) plans to delist from the NYSE American due to non-compliance with listing standards and to save costs. This decision has led to a 43.6% drop in its stock price.
The announcement of delisting due to non-compliance and cost-saving measures has directly impacted AAMC's stock price, causing a significant drop. The decision reflects financial instability and potential operational challenges.
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