Ambac Warned on NYSE Delisting Possibility

by Zagros on July 7, 2020

BNK Invest    ”Transcripts

” Financial products insurer Ambac (ABK) said late Tuesday that the New York Stock Exchange has warned it that its stock price has fallen below the exchange’s standard for average trading prices. Stocks listed on the NYSE must trade above $1 per share over a 30-day period, and Ambac has fallen below that trading level. Ambac has six months to have closing prices and 30 trading-day average prices above $1 to avoid seeing shares delisted from the exchange. The preceding is a transcript of the MarketNewsVideo.com video published at: Ambac Warned on NYSE Delisting Possibility BNK Invest    ”Transcripts ” Financial products insurer Ambac (ABK) said late Tuesday that the New York Stock Exchange has warned it that its stock price has fallen below the exchange’s standard for average trading prices. Stocks listed on the NYSE must trade above $1 per share over a 30-day period, and Ambac has fallen below that trading level. Ambac has six months to have closing prices and 30 trading-day average prices above $1 to avoid seeing shares delisted from the exchange. The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201007ABK070710&mv=1.


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