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little Beaner88

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little Beaner88

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Saturday, 12/15/2018 11:52:29 PM

Saturday, December 15, 2018 11:52:29 PM

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Article on HOUSTON CHRONICLE


After 30 days of its stock trading below $1 per share, oil field service giant Weatherford International is facing getting delisted from the New York Stock Exchange.

The Switzerland-based service company received a written notice from the New York Stock Exchange stating that it is not compliance with stock exchange rules, Weatherford officials confirmed early Friday evening.



00:3701:59
Traded under the ticker symbol WFT, Weatherford's stock has been trading below $1 per share since Nov. 13. Under New York Stock Exchange rules, companies can be delisted if the value of their stock has fallen below $1.00 per share over a period of 30 consecutive trading days.
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