Midway stock falls 40% since sale

By Patrick Garratt, Thursday, 4 December 2008 19:50 GMT

midwaylogo1.jpg

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.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Delisting

  • Midway served NYSE delisting notice

    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 […]

  • TGS: XBLA de-listing deferred, says Schappert

    According to this IGN story, Xbox Live boss John Schappert said at TGS today that there aren’t any plans to remove badly performing titles from Live itself. If you recall, Microsoft said in May that XBLA games that were either selling poorly or had received bad review scores would be removed from Live. “We have […]

New York Stock Exchange

  • Midway delisted from NYSE

    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 served NYSE delisting notice

    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 […]

Nyse