Why Trevena (TRVN) Stock Is Down 43% Today
Portfolio Pulse from Henry Khederian
Trevena Inc (NASDAQ:TRVN) shares plummeted by 43.3% after the company announced it received a Nasdaq delisting notification due to failure to meet minimum stockholder equity requirements. The stock will be delisted on October 8 and is expected to trade on the Pink Open Market.
October 07, 2024 | 2:38 pm
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Trevena Inc's stock dropped 43% after receiving a Nasdaq delisting notification due to not meeting minimum equity requirements. The stock will move to the Pink Open Market.
The delisting from Nasdaq is a significant negative event for Trevena, leading to a 43% drop in stock price. This move to the Pink Open Market may reduce liquidity and investor confidence, further impacting the stock negatively.
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