The New York Stock Exchange plans to suspend trading in the common stock and other NYSE-listed securities of Reliance Group Holdings Inc. and will move to delist the issues from the exchange.
The NYSE made the announcement Tuesday, saying it is taking the action because of Reliance common stock’s abnormally low selling price, which closed Monday at 1/32, matching a 52-week low. The troubled insurer is also in violation of other listing criteria.
Was this article valuable?
Here are more articles you may enjoy.
Majority of Small Business Are Underinsured as Other Expenses Prioritized 
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property 
Florida Appeals Court Strikes Jury’s $335,000 Award in Universal Plumbing Claim 
FDA Says It’s Investigating Another Cyclospora Parasite Outbreak 
