Drive Shack (DS.US) is one of the worst performing US stocks today with the company's share price dropping over 60% on the day. Drive Shack announced yesterday that it intends to voluntarily delist and deregister its shares. Company then plans to list its common stock on OTCQX, an over-the-counter platform. According to Drive Shack, employees and executives will have more time to focus on the company's business following the delisting as they would not have to devote time to meeting strict SEC reporting requirements. Stock price of the company dropped to the lowest level since March 2009 when the market bottomed out during the GFC.
Shares of Drive Shack (DS.US) launched today's trading over 60% lower on delisting plans. Source: xStation5
Alibaba sell-off extends amid White House national security concerns📌
US Earnings Season Summary 🗽What the Latest FactSet Data Shows
US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈
Micron Surges on Record DRAM Pricing
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
