J.C. Penney Again at Risk Of NYSE Delisting
For the second time in six months, department store chain J.C. Penney (NYSE: JCP) was warned by the NYSE it was at risk of being delisted from the exchange because its stock price traded below $1 per share for 30 days or more.
The retailer said in an SEC filing that it was pursuing "measures to cure the share price non-compliance," including effecting a reverse stock split.
A reverse split merges the total shares outstanding into a smaller number, effectively raising the price of each remaining share. It doesn't change the value your stock holding, only what each individual share is worth and the number you own.
Source Fool.com
