WASHINGTON – Freddie Mac has been notified by the New York Stock Exchange that it is in danger of being delisted from the stock exchange because the average closing price of Freddie's stock is below the exchange's price criterion-the $1 rule.
The GSEs stock has traded below $1 per share for the past 30 days. As a result, the company's common stock and each of its listed series of preferred stock are subject to suspension and delisting.
The GSE has until Dec. 2 to provide the NYSE with a plan explaining how it will cure the deficiency. Freddie reported the NYSE warning in a filing with the Securities and Exchange Commission.
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