THQ Stocks Get Delisted
In case you missed it, THQ has been in a bit of a jam lately. Following the company declaring chapter 11 bankruptcy a few weeks ago, NASDAQ has removed all THQ shares from the market floor. For the people reading this who are not business majors, this only happens to a company if it gets to the point where its shares are nearly worthless and is referred to as delisting.
THQ faced delisting earlier last year but managed to prevent it by reducing the number of shares on the market, therefore increasing its value per share. The company ticker has been changed from THQI to THQIQ, and is now available for trade only by phone or direct electronic connection. Once the court approves the bankruptcy filing, THQ will be privately owned and unavailable for trades.