Why Express (EXPR) Stock Is Moving
Why Express (EXPR) Stock Is Moving
Express, Inc. shares are trading lower by 32% to $1.55 Thursday morning after the company's common stock was delisted from the NYSE and trading suspended on March 6.
The stock will now trade on the OTC Pink Market under the symbol "EXPR". This transition won't affect the company's operations, SEC reporting obligations or debt agreements. The delisting was due to the company's failure to maintain an average global market capitalization of at least $15 million over 30 consecutive trading days, as required by NYSE rules.
Express CEO Stewart Glendinning stated that despite this development, the company remains committed to serving customers and positioning itself for future growth, having implemented cost-saving measures and operational enhancements in recent months.
See Also: Bitcoin ETFs Dominate With Strong Inflows, Leaving Gold ETFs In The Dust
Express, Inc. shares are trading lower by 32% to $1.55 Thursday morning after the company's common stock was delisted from the NYSE and trading suspended on March 6.
週四上午，Express, Inc.股價下跌32％，至1.55美元，此前該公司的普通股已從紐約證券交易所退市，並於3月6日暫停交易。
The stock will now trade on the OTC Pink Market under the symbol "EXPR". This transition won't affect the company's operations, SEC reporting obligations or debt agreements. The delisting was due to the company's failure to maintain an average global market capitalization of at least $15 million over 30 consecutive trading days, as required by NYSE rules.
該股票現在將在場外粉紅市場上交易，交易代碼爲 “EXPR”。這種過渡不會影響公司的運營、美國證券交易委員會的報告義務或債務協議。退市是由於該公司未能按照紐約證券交易所規則的要求在連續30個交易日內將全球平均市值維持在至少1500萬美元的水平。
Express CEO Stewart Glendinning stated that despite this development, the company remains committed to serving customers and positioning itself for future growth, having implemented cost-saving measures and operational enhancements in recent months.
Express首席執行官斯圖爾特·格倫丁寧表示，儘管取得了這一進展，但該公司仍然致力於爲客戶提供服務併爲未來增長做好準備，最近幾個月已實施了成本節約措施和運營改進。
See Also: Bitcoin ETFs Dominate With Strong Inflows, Leaving Gold ETFs In The Dust
另見：比特幣ETF以強勁的資金流入占主導地位，使黃金ETF塵埃落定
譯文內容由第三人軟體翻譯。
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