NEW YORK (AP) -- RadioShack's stock is trading below $1 per share for the first time in its history -- and has the investment world wondering if it might eventually be delisted.
Shares of RadioShack Corp. plunged $0.11, or 10.6%, to $0.92 in Friday afternoon trading. The New York Stock Exchange could delist the stock if it closes below $1 per share for 30 consecutive trading days.
The stock is well below its all-time high of $79.50 set in December 1999. Since then, RadioShack has had trouble finding its place in the evolving retail and technology landscape.
Long known as a destination for batteries and obscure electronic parts, RadioShack has sought to remake itself as a specialist in wireless devices and accessories. But growth in the wireless business is slowing.