PixelWorks Receives Bid Price Deficiency Notice From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
PixelWorks has received a bid price deficiency notice from Nasdaq, indicating that its stock price has fallen below the minimum required bid price. This could lead to potential delisting if not rectified.
September 13, 2024 | 8:24 pm
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PixelWorks has been notified by Nasdaq that its stock price is below the minimum bid price requirement, which could lead to delisting if not addressed.
The notice from Nasdaq indicates that PixelWorks' stock price is below the required minimum, which is a negative signal for investors. This could lead to a decrease in investor confidence and a potential drop in stock price as the company needs to address this issue to avoid delisting.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100