Design Within Reach, the San Francisco provider of hip home furnishings, has told Nasdaq that it plans to delist its shares from the stock market on July 6, after which the company expects them to trade on the Pink Sheets, according to a filing the company made with the SEC Thursday.
The company said that the limited trading Read the rest of this entry »
Citing the expense of complying with its obligations under regulations of the Securities and Exchange Rules, the Sarbanes-Oxley Act, and Nasdaq’s own listing requirements, Proxim Wireless said Thursday it intends to voluntarily delist its stock from Nasdaq.
The Milpitas supplier of high-speed wireless communications equipment, said it anticipates the last day of trading for its common stock on Nasdaq’s Capital Market would be Read the rest of this entry »
The Nasdaq stock market said it would cancel some trades of Google stock executed Tuesday in the minutes just before and after the stock markets closed. The cancelled trades were triggered by erroneous orders that were routed to Nasdaq from another market center.
Google’s stock, which fell $50 Monday, or 11.6 percent, to $381.00, reportedly fell another $60.50, or 15.9 percent, to $320.50, prior to Nasdaq’s decision to cancel certain unauthorized trades. Google’s official closing price for Tuesday will now be pegged at $400.52.
“Participants should review their trading activity for potentially erroneous trades outside the above referenced times,” Nasdaq said.
“It’s disturbing to watch the number of these things and there seem to be more and more,” said Laszlo Birinyi in an interview with Bloomberg News. His firm, Birinyi Associates of Westport, Connecticut, oversees more than $350 million. “We’re watching trades more closely.”
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