Feb. 3 at 8:46 PM
$FATBB found this interesting for any of you who may be short:
when stocks are delisted and go to pink sheets what is average price they trade at on first day
When a stock is delisted from a major exchange (NYSE or Nasdaq) and moves to the Pink Sheets (OTC), its share price typically falls by approximately 50% on the first day of trading.
Historical vs. Recent Performance
Company Delisting Date Last Exchange Price First/Recent Pink Sheet Price % Change
Spirit Airlines Nov 2024
$1.08
$0.30 -72%
Tupperware Sept 2024
$1.19
$0.51 -57%
Big Lots Sept 2024
$0.49
$0.08 -83%
Fisker Inc. March 2024
$0.09
$0.02 -77%
J.C. Penney May 2020 ~
$0.16
$0.16 (Stagnant) 0%