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Right you are. NYSE requires that the average trading price over a consecutive 30-day period remain above $1.00. That is why Silicon Graphics (SGI) lost its listing when it stayed below $1 for 6 months.
XJT 30-day moving average went below $1.00 for the first time today.
Not a great one. This is as good as I have:You have a link?
Not a great one. This is as good as I have:
http://news.cnet.com/SGI-stock-faces-delisting/2100-1010_3-5928422.html
and this:
http://www.sgi.com/company_info/newsroom/press_releases/2005/november/nyse.html