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Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished trading above $1—preserving the company's listing on the NASDAQ stock exchange.
INDIANAPOLIS - NASDAQ warned Emmis last month that it would be delisted from the exchange if the company's stock didn't rise above the $1 minimum for 10 days in a row; March 15 was the deadline. The rebound began on Oct. 13, when shares closed at $1.14, up 24 cents from the day before. Prior to that, the stock hadn't closed above $1 in more than a year. It bottomed out at 24 cents in July. Rating :
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