[mage lang="" source="flickr"]nyse penny stock[/mage]
NYSE banned sub-penny rule?
I want to know isn’t NYSE has temporary banned the sub-penny rule, which means that for stocks trading under $1.05 for 30 consecutive days do not have to be delisted ?
If yes, where can I see the rule from NYSE website?
As far as I know, they did not change the rule. But whenever they go to delist a company for not meeting their criteria (market cap, per share price, whatever) there is usually an appeal process, that can take several months. So if you see a company on the NYSE below $1, it’s probably in the process of being de-listed, but it’s appealing the ruling.