Run, Blue Dog, Run: Sirius Avoids Delisting
Looks like Sirius XM Radio (SIRI) will not be booted from NASDAQ.
As of market close today, the company’s shares have traded above $1 for 10 straight days, putting it back in compliance with NASDAQ’s minimum bid requirement. As a result, the NASDAQ Listing Qualifications Panel hearing Sirius was to attend Thursday has been canceled and the company is no longer in danger of being booted to the Pink Sheets — not that it ever was, really.
More good news for Sirius whose shares were trading at a new 52-week high of $1.20 yesterday.
