RSSWhy does Nasdaq delist only certain stocks under $1, but not others?
Saturday, May 29th, 2010
The reason why I ask is because I own one “penny stock” which has gained over 100% in 1 month and 3 days, yet is still under $1 (from 36 cents to 78 cents).
I keep watching to make sure it does not get a notification of delisting. Per Nasdaq, stocks must not fall below $1 but many do without getting delisted.
Typically a stock is delisted after 30 days of trading under a buck. However there may be exception if the stock owner is making or complying with restructure, etc.