So, if you see that Six Flags (SIX) stock price has risen, do not be encouraged.
Six Flags Inc. said late Thursday that it will consider various steps, including a reverse stock split, if its share price does not rebound soon. The statement comes in the wake of notification from the New York Stock Exchange that the company is not compliant with the market’s listing standards because its thirty-day average closing price was less than $1. The theme park company has six months to remedy the situation. Six Flags shares closed down 4.4% to 65 cents on Thursday.
Disclosure (“none” means no position):none
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