Nasdaq Has Hundreds of Penny Stocks. Now It's Trying to Purge Them.

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By msmashAug 8, 2024, 11:22 am294 pts
Nasdaq is taking steps to purge itself of dubious companies whose shares trade below $1 each, following criticism that the exchange has become home to hundreds of risky penny stocks. From a report: [...] When a stock closes below $1 for 30 consecutive trading days, Nasdaq deems the company to be noncompliant…

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