Business

RadioShack stock closes below $1 per share

By ANNE D'INNOCENZIOMICHELLE CHAPMAN
Published June 20, 2014 8:58pm ET
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RadioShack stock closes below $1 per share
Traders work on the floor of the New York Stock Exchange near the post that handles Radio Shack, Friday, June 20, 2014. RadioShack's stock closed below $1 per share Friday for the first time in its history, reflecting investors' concern over what lies in store for the long-struggling consumer electronics chain. (AP Photo/Richard Drew) | Richard Drew

NEW YORK (AP) — RadioShack’s stock closed below $1 per share Friday for the first time in its history, reflecting investors’ concern over what lies in store for the long-struggling consumer electronics chain.

Shares of RadioShack Corp. fell 11 cents, or 10 percent, to close at 92 cents. The New York Stock Exchange could delist the stock if it closes below $1 per share for 30 consecutive trading days.

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