Fred’s Pharmacy chain to be delisted from Nasdaq

Fred’s Pharmacy chain to be delisted from Nasdaq
Fred's in Oakland City to close after company filed for bankruptcy. (Source: WFIE)

MEMPHIS, Tenn. (WMC) - Fred’s Pharmacy chain stock will soon be delisted from the Nasdaq.

This comes just after the company recently announced it had filed for bankruptcy last week.

According to the Memphis Business Journal, Fred’s was put on notice back in June after its stock price dipped below $1 for 30 consecutive business days. Fred’s will officially be delisted on Wednesday.

All liquidation sales will end by Wednesday, October 30th.

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