Liberty TripAdvisor (NASDAQ:LTRPA, NASDAQ:LTRPB) stock is on a wild ride recently after the company received a delisting warning from the Nasdaq Exchange.
That delisting warning is for the company’s Class A shares, which trade under the LTRPA stock ticker. The warning comes as the company’s stock has failed to maintain a price above $1 per share for 30 consecutive business days.
The Nasdaq Exchange requires stock listed with it to maintain a price of at least $1 per share to remain. This gives Liberty TripAdvisor until Jan. 23, 2023, to regain compliance with that $1 minimum share price rule.
LTRPA Stock Might Not Be Delisted
Even if Jan. 23 comes as LTRPA stock is still below $1 per share, that doesn’t mean it will be delisted. The company may be able to extend that by another 180 days if it seeks a transfer to the Nasdaq Capital Market.
Liberty TripAdvisor operates the world’s largest travel platform through subsidiary TripAdvisor. The company’s BuySeasons subsidiary also offers online retail services to customers.
It looks like speculators are piling into LTRPA and LTRPB stock today amid the delisting news. This has both shares seeing heavy trading today with volume above their daily averages.
LTRPA stock is up 5.9% as of Tuesday afternoon. On that same note, shares of LTRPB stock are increasing 35.8% as of this writing.
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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