Why iMedia Brands (IMBI) Stock Is Diving

What Else?

iMedia Brands says trading will be suspended from July 10. The company filed for Chapter 11 bankruptcy on June 28, to pursue strategic alternatives and continue the prepetition sale process.

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Non-compliance notices were previously received for delayed filing of required reports. Earnings calls and investor conference participation are suspended, with updates provided through SEC filings and press releases.

According to data from Benzinga Pro, iMedia Brands has a 52-week high of $1.81 and a 52-week low of $0.11.

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