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WASHINGTON -- Fannie Mae (FNM Quote) on Tuesday said it received notice from the New York Stock Exchange that its stock failed to satisfy price-related requirements, and may lose its listing on the exchange.
In a regulatory filing, Fannie Mae said the notice arrived Wednesday. The NYSE requires that the average closing price of a stock remain above $1 per share. Fannie Mae stock, which a year ago was trading as high as $40.45, closed at 47 cents Tuesday.
Fannie Mae said it is working with its conservator, the Federal Housing Finance Agency, to explore options to boost the share price, but has not yet determined its response or any specific actions it will take. ...
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