“J.C. Penney in danger of being booted from New York Stock Exchange”
February 3, 2020
“Shares are required to maintain an average closing price of at least $1 over a 30-trading day period. The company has six months to regain compliance…
J.C. Penney shares have plunged more than 93 percent since March 2016 amid changing consumer preferences and a shift to e-commerce shopping from brick-and-mortar.
The company’s market capitalization hit a peak of $19.5 billion on June 19, 1998, according to Dow Jones Market Data. It was below $240 million at the end of the day Friday…”
https://www.foxbusiness.com/markets/j-c-penney-stock-nyse-listing-non-compliance