JC Penney Update: Retailer Receives Notice Of Possible Delisting From NYSE
August 9, 2019
JC Penney (JCP) has received notification from the New York Stock Exchange (NYSE), saying that it is no longer in compliance with its listing criteria. In order to remain in compliance with the NYSE, companies must maintain an average closing share price of at least $1 for a consecutive trading period of 30 days.