- WeWork Inc (NYSE:WE) received a notice from NYSE on April 12, 2023, notifying that the company is not in compliance with the continued listing standards.
- WE’s average closing price of its Class A Common Stock was less than $1.00 per share over a consecutive 30 trading-day period.
- The company intends to respond to the NYSE within ten business days of receipt of the Notice affirming its intent to cure the deficiency. It has a six-month period to regain compliance.
- WeWork intends to consider several available alternatives to cure its non-compliance.
- Price Action: WE shares are trading lower by 0.71% at $0.49 premarket on Wednesday.
Dow Surges Over 300 Points; Hibbett Posts Downbeat Profit
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining more than 300 points on Friday.
The Dow traded up 0.99% to 33,089.44 while the NASDAQ rose 2.11% to 12,965.91. The S&P 500, also rose, gaining, 1.29% to 4,204.71.
