RadioShack Trading for Under $1, Could Be Delisted From NYSE

RadioShack's stock has passed a milestone — a bad one

The company's stock price dipped below $1 on Friday. In late morning trading, the stock was trading at $0.93. RadioShack's market cap is now $92.7 million, compared with $9.9 billion for rival Best Buy.

The $1 mark is more than just a psychological barrier; the New York Stock Exchange can delist the stock. As USA Today's Matt Kranz noted in a 2009 column, "falling below a $1 a share is normally the beginning of the end for many stocks." The NYSE normally launches a review when a stock drops into the single digits Read more...