Furniture Brands stock pricing rebounds, no longer faces delisting
Furniture Today Staff -- Furniture Today, February 6, 2013
ST. LOUIS — Furniture Brands International has been notified that its stock is back in compliance with a New York Stock Exchange requirement and no longer faces delisting, the company said Tuesday.
The NYSE had notified Furniture Brands on Dec. 21 that it faced delisting because its stock price had fallen below $1 per share for 30 consecutive trading days.
But in a Feb. 5 notice, the NYSE recognized that the stock has now traded above $1 for 30 trading days. Its closing price Monday was $1.40.
The furniture manufacturer and importer said it will "continue to monitor its ongoing compliance with the NYSE's continued listing standards."