Maxicare's Stock Is Delisted.Maxicare Health Plans Inc. said the company's common stock has been delisted from the Nasdaq National Market. Trading in Maxicare Health Plans' stock on Nasdaq was halted at the company's request on May 25 and was suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. by Nasdaq, subject to the provision of additional information regarding the parent company's financial condition. In this latest development, the company said it was "unable to provide" that information. June 25, the company's stock began trading on the pink sheets, a daily listing of quotes for over-the-counter stocks over-the-counter stock A stock not listed on an exchange and trading only in the over-the-counter market. , under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors MAXIQ." Maxicare Health Plans said in a statement it is current in its filings with the Securities and Exchange Commission and is hopeful that its stock will be quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. in the near future. |
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