TheStreet stock price is back above $1
Financial news site TheStreet.com has seen its stock price climb back above $1 per share, reports Keith Kelly of the New York Post.
Kelly writes, “The Street was being threatened since mid-June with delisting by Nasdaq because its share price had dipped below $1 for more than 30 straight days.
“As a result, it was removed from the Nasdaq Global Market to the less heavily traded Capital Market. If it didn’t get its share price above $1 for 10 straight days, it would be moved to the Pink Sheets.
“But fear not.
“On Sept. 22, the share price closed above $1 — and it has remained there ever since.
“Investment bank B. Riley is predicting it will reach $2.10 a share.
“It has not had a profitable full year since 2008, but in June it posted its first profitable quarter in two years.”
Read more here.