Kmart off to a good start on NASDAQ
June 10, 2003-- Home Textiles Today,
New York — Kmart's new common stock began trading this morning on the NASDAQ National Market and by mid-day the stock price had climbed $2.44, or 13.79 percent, to $20.14.
The new stock had been trading on the over-the-counter Bulletin Board following Kmart's emergence from Ch. 11 bankruptcy May 6.
"This listing is another important milestone in Kmart's recovery," said Julian Day, president and ceo, in a statement. "Among other benefits, listing on the NASDAQ should enhance the trading liquidity of the new common stock and expand the number of investment manager funds eligible to purchase the stock."
Related Content By Author
Industry Related Content
Live from New York Textiles Market: Day 3