Ditech Parent Walter Investment Could Be Kicked Off NYSE

NYSE Threatens To Boot Ditech Owner Walter Investment From Exchange

Ditech

The parent company of Ditech Financial received notice from the New York Stock Exchange they were considered to be noncompliant with rule 802.01B of the NYSE Listed Company Manual.

Walter Investment's shares closed at an average price of less than $1 for a consecutive 30 trading-day period.

Walter Investment stock closed at $0.77 on July 14, 2017, when the company received notice. The situation has gone from bad to terrible.

The stock of the Ditech parent closed at $0.83 per share but has dropped steadily since then. Last week, the stock began trading at less than 40 cents per share. It has stayed below that mark ever since.

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