Blockbuster has announced that they are in danger of being de-listed from the NYSE because they do not meet the minimum market capitalization requirements. Market capitalization is a measurement of the size of a business equal to the share price times the number of shares outstanding of a public company. The NYSE requires businesses to have a market capitalization of at least $75 million over a 30-day trading period.
Blockbuster shares were once worth as much as $29 in 2002, but are now trading at around $0.25.
Things aren’t looking too good for Blockbuster.
Blockbuster Falls Below NYSE Listing Requirements [Blockbuster]