This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nasdaq Notifies Companies Of Possible Delisting

NEW YORK (AP) ¿ Three companies said Thursday they have received notices from the Nasdaq Stock Market that they have fallen out of compliance with rules to remain listed. A fourth company was given more time to get back into compliance.

The exchange requires companies to maintain an average $1 per share price for 30 consecutive business days to remain listed.

Companies receiving notices have 180 calendar days to get their shares back to $1. If they don't, Nasdaq will notify them of a potential delisting. The companies may appeal and are frequently given more time.

Among those notified recently are:

¿Anchor BanCorp Wisconsin Inc., which said it received a letter Dec. 4. The Madison, Wis., company is the parent of AnchorBank, which has more than 70 offices in Wisconsin. Shares fell 3 cents, or 4.4 percent to close at 65 cents.

¿South Financial Group Inc., of Greenville, S.C., said it received a notice on Dec. 4. The company said it will consider various options to resolve the deficiency. South Financial is a bank holding company with 177 branch offices in North Carolina, South Carolina, Florida and on the Internet. Shares fell 3 cents, or 5 percent, to close at 55 cents.

¿FiberTower Corp., a San Francisco cell phone tower and service provider, said it received a Nasdaq notice on Dec. 8. The company said it expects to conduct a 1-for-10 reverse stock split, which is expected to allow it to regain the $1 per share requirement. Shares fell 3 cents, or 5.8 percent, to 49 cents Thursday.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs