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News & Analysis

Aeropostale Gets Listing Warning From NYSE as Shares Fall Below $1

Apparel retailer Aeropostale Inc said the New York Stock Exchange has warned that the average price of its shares had fallen below $1 for 30 trading days and it was considering a reverse stock split to return to compliance.
By
  • Reuters

NEW YORK, United States — Apparel retailer Aeropostale Inc said the New York Stock Exchange has warned that the average price of its shares had fallen below $1 for 30 trading days and it was considering a reverse stock split to return to compliance.

Under NYSE rules, Aeropostale has six months to raise its average stock price to at least $1 for 30 days.

By Ramkumar Iver; editor: Don Sebastian.

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