Is Optimum Imploding?

I noticed an article that said that Optimum was in danger of being delisted from the New York Stock Exchange. NYSE automatically issues a warning to any stock when the average share price over thirty days is below $1.00. This warning was given to Optimum on August 13, and the company has until February 13, 2027, to get the 30-day average stock price above $1.00 to remain listed on the exchange. The company’s stock has plummeted over the last year. A year ago, the stock was trading at $2.33 per share. Five years ago, the stock traded at more than $28 per share. As I wrote this blog, the share price was $0.89. The lowest price this year was $0.60 per share. Optimum stock is considered extremely volatile by analysts because the company had almost 50 days during the last year when the stock rose or fell by more than 5 percent. The changes aren’t always downward. In early June, the stock price rose more than 9 percent in one day on news that the company had grown to have 700,000 cellular customers.