StoneMor Inc. Announces Compliance With NYSE Listing Standards
StoneMor Inc. (NYSE: STON) announced on December 23, 2020, that it has regained compliance with the NYSE continued listing criteria, achieving an average closing share price of $1.495 over the last 30 trading days and a closing price of $2.58.
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Rhea-AI Summary
StoneMor Inc. (NYSE: STON) announced on December 23, 2020, that it has regained compliance with the NYSE continued listing criteria, achieving an average closing share price of $1.495 over the last 30 trading days and a closing price of $2.58. This notification by the NYSE confirms that StoneMor meets the necessary requirements to remain listed on the exchange. The Company operates 320 cemeteries and 90 funeral homes across 27 states and Puerto Rico, offering a variety of burial products and services.
Positive
- Regained compliance with NYSE listing standards regarding minimum share price.
- Current closing share price is $2.58, above the required minimum.
Negative
- None.
Details
News Market Reaction – STON
The recorded move for STON in the trading session of this news was -1.55%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TREVOSE, Pa., Dec. 23, 2020 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”), a leading owner and operator of cemeteries and funeral homes, announced today that it received notification from the New York Stock Exchange ("NYSE") on December 23, 2020 that the Company has regained compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least
As of December 23, 2020, the last day of the Company’s cure period for compliance with the minimum price condition, StoneMor had a closing share price of
About StoneMor Inc.
StoneMor Inc., headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 320 cemeteries and 90 funeral homes in 27 states and Puerto Rico.
StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Inc. please visit StoneMor’s website, and the investors section, at http://www.stonemor.com.
Contact:
Investor Relations
215-826-4438
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