Why ChargePoint Holdings Is Floundering Today
Shares of ChargePoint Holdings (NYSE: CHPT) had fallen nearly 13% as of 11:39 a.m. ET today after the company got hit with a noncompliance notice from the New York Stock Exchange (NYSE) after the market closed on Friday.
The NYSE notified ChargePoint that it is not in compliance with NYSE bylaws because its stock has traded for less than $1 for 30 consecutive trading days. The notification does not immediately impact trading of the stock or lead to the company being delisted from the NYSE.
Source Fool.com
