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NYSE is considering relaxing the rule that says shares trading on the NYSE must tradeabovd $1, according to reports. Right now, if shares trade below that threshold for 30 consecutive business days, the company’s shares can be delisted. Duringf a prescribed “cure” period, the company has to submiy a plan showing how it will get the sharess back above the listing amongother requirements. Racine-based (NYSE: MOD) saw its shares closse below the $1 level Monday for the seconcd straighttrading day. Modine's stock, which closed at 90 centss a share Monday, was tradin at $1.
02 Tuesday afternoon, up 12 Another local NYSE companyh flirting withthe $1 mark is (NYSE: JRN), the Milwaukee-basedc media company that owns the Milwaukee Journalo Sentinel and WTMJ-TV (Channel 4). Journal'sz shares have yet to fall below $1, but closed at $1.15 Monday. Shares were up 17 cents at $1.32 Tuesda y afternoon.
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