. In a statement, GNC said, “The Company is currently evaluating its available options and developing a plan to return to conformity with the minimum market capitalization requirement.”​. | Technical / White Paper. dataLayer.push(dataLayerNews); GNC said to be developing plan to return to compliance NYSE rules allow a company 45 days to come into compliance with listing requirements before a stock is delisted. The New York Stock Exchange delisted the global health and wellness company a week after it filed for Chapter 11 protection in the U.S. Bankruptcy Court. Quality Probiotics. Gnc Holdings, Inc is primarely in the business of retail-food stores. Copyright © 2021. Registered in England and Wales. Stock Ideas and Recommendations. dataLayerNews.related_tags = sanitize_gpt_value2("Vitamins, Dietary supplement industry, financial results"); GNC won't appeal the decision, Chief Financial Officer Tricia Tolivar informed the Securities and Exchange Commission on Tuesday. NEW YORK, June 30, 2020 – The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced that the staff of NYSE Regulation has now determined to immediately suspend trading in the common stock of GNC Holdings, Inc. (the “Company”) — ticker symbol GNC … Effective on June 30, 2020, the stock was delisted from the New York Stock Exchange and shifted to the OTC Pink market. GNC filed Chapter 11 bankruptcy but continued to trade. Number 8860726. For financial reporting, their fiscal year ends on December 31st. The company announced the warning … The NYSE requires companies listed on its exchange to maintain a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days, and an average market capitalization of at least $50 million over a period of 30 consecutive trading days, unless at the same time the company’s total stockholders’ equity is equal to or greater than $50 million. Pre workout products are one subset of the market that reportedly has suffered, as almost all gyms are closed and consumers have turned to other priorities. GNC HOLDINGS, INC. (NYSE:GNC) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01 Notice of Delisting or Failure to … GNC stock once briefly traded for more than $60 a share in 2013 and as recently as April 2016 was routinely trading at more than $30 a share. The company does have an online presence but still operates a huge lineup of retail outlets from which it derives the lion’s share of its revenue. - Last updated on As of April 21, GNC's 30-day average share price, 30-day average market capitalization and stockholders' equity all fell below the Exchange's standards, the Exchange told the company on April 28. Markets, Open--Prev Close--Volume. Worthless biggest 2020 disaster stock! http://join.robinhood.com/cooperb2My Webull link (we both get 2 free stocks!) vOut = vOut.toLowerCase(); This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. GNC investors challenge Chapter 11 financing plan, Aura Bora wins Naturally Bay Area Pitch Slam 2021, 5@5: Retailers, foodservice companies band together against GMO salmon | Biden announces deal for 200M more COVID-19 vaccines, 5@5: Small Business Administration to speed up loan process | Allergen-free foods a growing opportunity. Coronavirus, This suggests that the stock has a possible downside of 9.1%. Copyright - Unless otherwise stated all contents of this web site are © 2021 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics: And GNC has up to 900 underperforming stores it has been working to close located in shopping malls, many of which have been closed entirely during the current spate of state-mandated stay at home orders. Penney is also dealing with the threat of being delisted from the New York Stock Exchange, and said it may be forced to do a reverse stock split. Currently, there are $159 million (face value) of the convertible notes outstanding and almost 24 million shares of GNC's short sold short (as of June 15, 2020). | Technical / White Paper. On average, they expect GNC's stock price to reach $0.50 in the next year. https://www.newhope.com/news/nyse-delists-gnc-stock-after-chapter-11-filing vOut += aTags[i].trim().replace(reg, '-').substring(0,40); Applied Food Sciences | 30-Nov-2020 This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Gnc Holdings, … GNC also faced a high likelihood of the New York Stock Exchange delisting its stock, possibly today. var reg = new RegExp('\\W+', "g"); The New York Stock Exchange has notified downtown-based GNC Holdings, Inc. (NYSE: GNC) that the company could be delisted. The Beijing-based coffee purveyor and Starbucks Corp. SBUX, +2.74% rival, received two notices from the Nasdaq about … As we value and care for not only our customer’s but our … The company’s shares entered the penny stock realm in mid March and have traded for as low at 40 cents a share. The move won't affect GNC's operations as it proceeds with restructuring plan. The company had 45 business days to present a plan to increase its share average, but it's not clear if it did so. In addition, consumers who are seeking to minimize their potential infection risks have been making online purchases of many goods normally purchased in person, such as groceries. Lines and paragraphs break automatically. That figure fell to slightly more than $2 billion at the end of 2019. Get the latest GNC Holdings (GNC) stock price quote with news, financials and other important investing information. Get the latest GNC Holdings (GNC) stock price quote with news, financials and other important investing information. In some states like Nevada and Colorado standalone vitamin stores have been considered nonessential businesses and some have been forced to close. The stock has been halted for news … Sports nutrition products have been one of GNC’s hallmarks over the years. GNC Holdings Inc. stock closed at 55 cents per share Monday—its last day of trading on the New York Stock Exchange. This was partly due to the dislocations caused by the pandemic crisis. A coach will be waiting to take your order. My Robinhood link (we both get a free stock!) (1) For purposes of calculating the filing fee only, the transaction value is equal to the product of (a) $389.25, the average of the high and low prices per share of the common stock of Wesco as reported on the NYSE Amex on February 28, 2011 and (b) 1,416,720, the maximum possible number of shares of Wesco common stock … } Sports nutrition brands face three primary product development challenges: 1) selecting ingredients that effectively enhance athletes’ performance and... Deerland Probiotics & Enzymes | 01-Feb-2021 Complete Solutions. vOut +=', '; GNC (GNC) has filed for bankruptcy and the company's stock is falling hard as it prepares to close down up to 1,200 stores. GNC has already been working through well-documented struggles and reported recently that the New York Stock Exchange has warned it could delist the company, since its shared have … 29-Apr-2020 at 13:55 GMT. ... Jul 1, 2020 - GNC was delisted due to bankruptcy and now trades as GNCIQ. Stock … dataLayerNews = {}; The post GNC Bankruptcy: GNC Stock Plunges 29% With Nearly … | Clinical Study. PITTSBURGH — The New York Stock Exchange has notified downtown-based GNC Holdings, Inc. (NYSE: GNC) that the company could be delisted. Yet, certain ingredients are powering this space.... ADM | 28-Oct-2020 Web page addresses and e-mail addresses turn into links automatically. ... GNC. 1 analysts have issued 12-month price targets for GNC's stock. On April 22, 2020, GNC Holdings, Inc. (the "Company") received written notice (the "Notice") from the New York Stock Exchange (the "NYSE") that the Company was no longer in compliance with: (a) Section … New Hope Network is part of the Informa Markets Division of Informa PLC. "Stalking Bid" values company at less than outstanding debt and convertibles, meaning equity shareholders likely to be wiped out at $0. That deadline was June 24. Find the latest iFresh Inc. (IFMK) stock quote, history, news and other vital information to help you with your stock trading and investing. As set forth in the notice, as of April 21, 2020, the 30 trading-day average closing share price of the GNC’s stock was $0.56, the 30 trading-day average market capitalization was approximately $47.3 million and its last reported stockholders’ equity as of December 31, 2019 was approximately a negative $207.3 million. GNC announced yesterday that is has received a notice from the New York Stock Exchange that is out of compliance with listing requirements because its stock price has been below $1 a share for more than 30 days. Today’s consumers are passionate about embracing health in many aspects of their lives, starting with customizing their nutrition. These shifts seem to have caught GNC flat footed. After GNC filed bankruptcy, … Informa Markets, a trading division of Informa PLC. Sales of many categories of dietary supplements, particularly immune health products, have increased markedly during the current disease crisis. Gamers are an influential consumer-base with tremendous purchasing power. In a … Related tags: The last time GNC posted year over year quarterly revenue growth was in late September of 2015. Revenue has been contracting for a number of years in a row. NYSE's Regulation staff notified GNC executives on June 25 that it would delist the shares because "GNC is no longer suitable for listing" under the Exchange's standards. Let’s find your GNC Stay stocked up using curbside pickup by simply calling your local GNC store. NYSE rules allow a company 45 days to come into compliance with listing requirements before a stock is delisted. View analysts' price targets for GNC … var aTags = gptValue.split(','); New York Stock Exchange officials have warned GNC it is in danger of being delisted, a move that would strike another serious financial blow to the Pittsburgh-based health and wellness … The transition to over-the-counter markets will not affect the Company’s business operations or its reporting requirements under the rules of the Securities and Exchange Commission," Tolivar wrote in the SEC filing. Earlier this month GNC announced it had furloughed a significant portion of its workforce​​. Sports nutrition, Virginia Dare Extract Co Inc | 09-Feb-2021 The Exchange typically delists companies that have filed for bankruptcy, whether it's under Chapter 11 or Chapter 7. Stock analysis for GNC Holdings Inc (GNCIQ) including stock price, stock chart, company news, key statistics, fundamentals and company profile. return vOut; The stock price sits at about 59 cents today. Jun 24, 2020 NEW YORK, June 24, 2020 – The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence … Rooted in proprietary... Free newsletter Financial focus, Vitamins, Dietary supplement industry, financial results | Technical / White Paper. Lallemand Health Solutions. Free newsletter if(i!=(aTags.length-1)) GNC is particularly hard hit during the present crisis because of its store structure and where its stores are located. contact, 29-Apr-2020 Real time GNC Holdings (GNC) stock price quote, stock graph, news & analysis. GNC Holdings Inc. GNC, +25.00% filed for bankruptcy late Tuesday, as it expects to accelerate its plan to close at least 800 to 1,200 of its stores. Related: GNC files for Chapter 11 bankruptcy to reorganize or sell the business. Now, the company is at risk of being delisted by the New York Stock Exchange. Their forecasts range from $0.50 to $0.50. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. } Sign up to our free newsletter and get the latest news sent direct to your inbox. function sanitize_gpt_value2(gptValue) var vOut=""; Even if GNC had not filed Chapter 11—it intends to sell to its largest stockholder or restructure its debt—the Exchange likely would have delisted the company this week. GNC's next court hearing is scheduled for July 22. https://www.newhope.com/sites/all/themes/penton_subtheme_newhope360/images/logos/footer.png. "The Company expects that the trading of its common stock will transition to the OTC [over the counter] Bulletin Board or 'pink sheets' market shortly. Subscribe