Blockbuster Plunges After Trading Resumes In The Stock

Blockbuster BBI has plunged after trading in the company’s stock resumed today. Trading in the stock was halted yesterday afternoon after Blockbuster announced that the New York Stock Exchange (NYSE) may start delisting the stock soon. The company had failed to receive shareholder approval for its recapitalization plan, which was required to comply with the listing requirements. Over the past 52 weeks, BBI has been trading within the range of $0.15-$1.56. The stock has fallen by more than 33% over the past 5 trading sessions. BBI’s shares dipped 20.80% to $0.183 at 11:04 am EDT.