Meiwu Technology shares are trading lower after the company received a Nasdaq notification letter regarding its bid price deficiency.
Portfolio Pulse from Benzinga Newsdesk
Meiwu Technology's shares are declining following a Nasdaq notification about its bid price deficiency.
September 12, 2024 | 5:06 pm
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NEGATIVE IMPACT
Meiwu Technology's stock is under pressure after receiving a Nasdaq notification about its bid price deficiency, leading to a decline in share price.
The Nasdaq notification indicates that Meiwu Technology is not meeting the minimum bid price requirement, which is a negative regulatory signal. This can lead to delisting if not corrected, causing investor concern and a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100