Stock shares of badly-bruised recreational vehicle manufacturer Fleetwood Enterprises Inc. were moved by the New York Stock Exchange from its main exchange to the Arca electronic market on Monday.
The move happened when shares dropped below $1. The company is reeling from several quarters of losses amounting to hundreds of millions of dollars.
Shares are expected to be moved back to the New York Stock Exchange’s main trading exchange when they rise above $1.10.
Shares were priced at $1 by 8:30 a.m. pacific standard time on Tuesday morning.