Lots of of Shares Have Fallen Beneath $1. They’re Nonetheless Listed on Nasdaq.

Lots of of shares have damaged the buck this yr, following a stoop within the once-hot marketplace for buzzy startups looking for fast development.

As of Friday, 557 shares listed on U.S. exchanges have been buying and selling under $1 a share, up from fewer than a dozen in early 2021, in keeping with Dow Jones Market Knowledge. Nearly all of these shares—464 of them—are listed on the Nasdaq Inventory Market, whose guidelines require firms to keep up a minimal share value of $1 or threat being delisted.