Culp Share Price Brings NYSE Inquiry

July 6, 2006  by in UnCategorized   

By Home Furnishings Business in Bedding on July 2006 Mattress fabric supplier Culp announced Thursday that it has received an inquiry from the New York Stock Exchange regarding recent market activity in company’s stock.

Culp’s stock was up 7 percent in afternoon trading to $6.10.

The company said it has made no new business announcements since its fourth-quarter earnings release on June 26, and is unaware of any developments since that time that would account for the recent market activity in its stock.

The company said it is its policy and practice to release material news as soon as practical, and that it is not currently contemplating any such release.