Shares of Identive Group (NASDAQ:INVE) closed right at $1/share on Friday, April 4 after trading meaningfully below that level throughout the session. Normally, this wouldn't have caught my interest, except for in the case of INVE, a $1 closing price signals a potential catalyst (or rather, removal of a negative catalyst) in INVE shares. In particular, INVE received a notice from the NASDAQ Capital Market exchange in December 2013 that if its stock price did not close above $1 for 10 consecutive sessions before June 9, 2014, that it would be delisted from NASDAQ.
(click to enlarge)
INVE data by YCharts
INVE shares have now closed at or above $1 for the last eight trading sessions on heavy...
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