Circuit City gets takedown warning from the New York Stock Exchange

Circuit City latest financial struggles come in the form of a letter sent from the NYSE. Because CC stock averaged a $1 or less closing price over the 30 days, the fund is falling short of the exchange’s requirement. The company has 10 days to specify how the company is going to remedy the situation and maintain an average trading price of $1 or higher within six months. The fund will receive a “.BC” indicator to notify others of the situation in the meantime. As of writing, the company carries a $0.27 stock price and a bleak future.