Kodak In Danger Of Shares Being Delisted From NYSE

By: AP
By: AP

ROCHESTER, N.Y. (AP) -- Eastman Kodak Co. has been warned by the New York Stock Exchange that its stock will be delisted if the price remains below $1 per share for the next six months, the ailing photography company said Tuesday.

The exchange put the company on notice after its shares' average closing price was below $1 for 30 straight trading days.

Under NYSE rules, the Rochester, N.Y., company has six months to regain compliance with the minimum share price requirement.

Kodak shares fell 2.35 cents, or nearly 4 percent, in extended-hours trading after finishing up a cent at 65 cents during the regular session.

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