Stock drops 22% as NYSE takes action
- Regis’ shares drop after NYSE starts delisting proceedings
- Stock down 22% in premarket trading
- Shares fallen 62% year-to-date
- Regis deemed out of compliance with listing standards
- Stock to continue trading while company weighs review request
Regis’ shares have taken a hit after the New York Stock Exchange (NYSE) initiated delisting proceedings. The stock was down 22% in premarket trading and has fallen 62% year-to-date. NYSE Regulation has determined to start proceedings for a delisting of Regis’ common stock due to the company’s failure to comply with listing standards. Regis will continue to be listed and traded on the exchange while it considers whether to request a review of the determination. No delisting is expected unless Regis declines to request a review by Dec. 28 or determines it doesn’t intend to appeal.
Public Companies: Regis (NYSE: RGS)
Private Companies:
Key People:
Factuality Level: 7
Justification: The article provides factual information about Regis’ shares dropping and the New York Stock Exchange starting the process of delisting its shares. It includes specific details about the stock price and the reason for the delisting. However, it does not provide any additional context or analysis, and there is no indication of bias or personal perspective.
Noise Level: 3
Justification: The article provides relevant information about Regis’ shares being delisted from the New York Stock Exchange. However, it lacks in-depth analysis, evidence, and actionable insights. The article mainly focuses on the stock price and compliance issues without exploring the potential consequences or long-term trends.
Financial Relevance: Yes
Financial Markets Impacted: Regis’ shares and the New York Stock Exchange
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the delisting process of Regis’ shares from the New York Stock Exchange.
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