NASDAQ recently warned THQ of their perilous place on the NASDAQ market listings. The market has a rule that each share must hold a value of at least $1. The company was trading at $0.62 a share before emergency action took place.
THQ initiated a 10-to-1 reverse stock split, trading its 70 million shares down to 7 million, and raising the share value to $6.20. This took place on 2 July, 2012.
Today, THQ received notice saying they have retained their place on the NASDAQ trading floor, having held shares valued over $1 for 10 consecutive business days. THQ is currently trading at around $5.16 a share as of this morning.
Source: Joystiq
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July 24, 2012
#1
I really hope THQ pulls around. It is never good when a publisher goes down. In my opinion THQ has published some really good games. Darksiders and Metro 2033 were really good.