NYSE may suspend dollar a share rule

Yep, it’s rough out there. In a sign of just how tough times are on stocks of major companies the New York Stock Exchange is considering lifting it’s requirement that a companies shares must trade above a dollar per share to be listed on the big board. Currently if shares fall below the dollar mark then the company has a couple of months to get the price back up or face being delisted from the exchange. With several major companies trading below a buck and numerous more in the two dollar area the exchange might be smart to suspend the rule for a time. The exchange has already lowered it’s market capitalization requirement temporarily.