Tag Archives: new york stock exchange

Midway has been delisted from the New York Stock Exchange, Edge reports.

The company was warned in November that it may be delisted‭,‭ ‬as it had failed to maintain a minimum average closing price of‭ ‬$1‭ ‬per share over‭ ‬30‭ ‬consecutive trading days.

Midway filed for Chapter 11 this month. Just depressing.

Midway’s stock’s dropped 40 percent since Sumner Redstone dropped his 87 percent share in the firm for a song earlier this week.

The publisher is now trading at 23 cents.

Midway was served a delisting notice from the NYSE in late November, so we really could be seeing the end here.

Watch and wince.

As reported by Gamespot, Midway’s been served a delisting notice by the New York Stock Exchange due to its failure to reach a minimum average closing price of $1.00 per share for the last 30 trading days.

The company has six months to raise its stock price before the NYSE takes further action. For its part, the publisher said that it “plans to notify the NYSE that it will seek to cure the deficiency.”

Ropey. More through there.

Midway’s shares slumped 12% on the New York Stock Exchange yesterday, meaning the sare value hit a 52 week low of 79 cents per share, writes Edge.

Meanwhile, Forbes is reporting “that Sumner Redstone, the majority-owner of Midway Games’ parent company National Amusements, is said to be ‘wrapped up in talks with his creditors’.”

Oh dear.

More through the links.

By Mike Bowden

According to this, Sony’s shares rose up to 5 percent on the NYSE this morning on the news that Toshiba has pulled out of the next gen movie disc race.

“We believe Blu-ray’s victory could drive market share gains for the PS3, as we believe consumers will now be more willing to pay up (versus 360) for the standard Blu-ray player,” said William Blair analyst Ralph Shackart.

Sony US shares rose to a session high of $47.07 in early trade on the NYSE before easing to $46.30, up $1.52, or 3.4 percent from the Friday close. On Monday, markets were closed due to the President’s Day holiday.