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Stanley Stock Back in Compliance with NASDAQ Rules

The NASDAQ stock market has notified Stanley Furniture (NASDAQ: STLY) that its stock is now in compliance with NASDAQ rules and won’t be subject to de-listing.

In February, the market had threatened to de-list Stanley’s shares because they traded below $1 per share for 30 consecutive business days. However, the price stayed at or above $1 for 10 consecutive business days in late April and early May, so the exchange notified the company the matter had been closed. 

Stanley’s stock closed Thursday at $1.05 per share.

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