loanDepot faces NYSE trading price non-compliance after 30 days under $1

loanDepot faces NYSE trading price non-compliance after 30 days under $1

NYSE flagged loanDepot after 30 days under $1. The lender has six months to regain compliance as earnings show improving volume and margins.

NYSE Warns loanDepot Over Low Stock Price - Orange County Business Journal

Irvine-based loanDepot Inc. has received a deficiency letter from the New York Stock Exchange after its shares traded below the exchange’s minimum price requirement (NYSE: LDI). The company’s shares averaged below $1 per share for 30 straight trading days, resulting in noncompliance, according to a loanDepot news release. Founder and CEO Anthony Hsieh said the company has recently improved, with a 25% rise in loan volume, an 18% increase in reve…

loanDepot faces NYSE trading price non-compliance after 30 days under $1 - Boston Real Estate Investors Association

loanDepot has received a deficiency notice from the New York Stock Exchange after the average closing price of its Class A common stock fell below $1 for 30 consecutive trading days, the company said Friday. The Irvine, California-based nonbank lender said the letter from the NYSE does not immediately affect the listing or trading of […] The post loanDepot faces NYSE trading price non-compliance after 30 days under $1 appeared first on Boston Re…

loanDepot, Inc. Addresses Notice of NYSE Trading Price Non-Compliance