Why Trevena (TRVN) Stock Is Down 43% Today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
0mins
Source: Benzinga
Trevena Inc Delisting Notification: Trevena Inc's shares fell by 43.3% to $2.61 after the company announced it received a delisting notification from Nasdaq due to failing to meet minimum stockholder equity requirements.
Future Trading on OTC Market: Following the delisting effective October 8, Trevena's stock will trade on the Pink Open Market (OTC), but there is no assurance that brokers will continue to facilitate trading.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
