Warrantee Inc WRNT shares are trading lower by 29% to $0.30 during Monday’s session after the company announced receipt of a Nasdaq delisting determination and a plan to appeal.
The company received the staff determination letter from Nasdaq on April 15. This letter stated that due to the company’s failure to meet the minimum bid price requirement for continued listing on Nasdaq, its securities would be delisted unless an appeal is requested. The company had been notified of its non-compliance on October 13, 2023, and was given until April 10, 2024, to rectify the issue.
The company says it is exploring various options, including a reverse stock split, and will keep shareholders informed of any significant updates.
See Also: After UAW Wins Big In Tennessee, $40M Campaign Continues: 35 Car Plants Are Next
How To Buy WRNT Stock
By now you're likely curious about how to participate in the market for Warrantee – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Warrantee, which is trading at $0.29 as of publishing time, $100 would buy you 344.83 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, WRNT has a 52-week high of $5.85 and a 52-week low of $0.25.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
