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Why is the stock still even listed? I thought stocks that fell below a dollar were automatically de-listed, and that would be especially quick given that compan
by seldo 17y ago
Why is the stock still even listed? I thought stocks that fell below a dollar were automatically de-listed, and that would be especially quick given that company is literally bankrupt.
- yangyang 17y agoThey trade OTC on Pink Sheets: http://pinksheets.com http://pinksheets.com. Blog post about GM trading on Pink Sheets http://blogs.wsj.com/marketbeat/2009/06/01/gm-to-trade-on-pink-sheets-tomorrow-morning/ http://blogs.wsj.com/marketbeat/2009/06/01/gm-to-trade-on-pi...
- designtofly 17y agoIt is not traded in the same form it was prior to the bankruptcy. It was delisted from the NSYE and its symbol was changed. It is now GMGMQ and is traded over-the-counter (OTC). [1] This is the method that most penny stocks are traded through. This is not a formal stock exchange. [1] http://www.investopedia.com/terms/o/otc.asp http://www.investopedia.com/terms/o/otc.asp
- jganetsk 17y agoDon't many stocks trade below a dollar? So-called penny stocks?