RadioShack is Now a Penny Stock? What Happened?

RadioShack is Now a Penny Stock? What Happened?

RadioShack has officially dropped below $1 a share for the first time in its company history. The troubled electronics store closed out stock shares at $0.92 before the weekend.

"RadioShack’s stock peaked at more than $75 in the late 1990s. Some of the most dramatic losses have come in recent years," reports Time. "The company lost $400 million in 2013, and, earlier this year, it announced the closing of up to 1,100 stores."

GoPro Launches IPO

GoPro Launches IPO

The maker of wearable sports cameras, loved by mountain climbers, divers, surfers and other extreme sports fans, said late Wednesday it sold 17.8 million shares at $24 each in its initial public offering of stock.

The IPO was priced at the high end of GoPro’s expected range and raised $427 million, valuing the whole company at about $3 billion. The proceeds from the IPO could rise to $491 million if underwriters use their option to buy more shares.

The stock will begin trading on the Nasdaq stock market Thursday under ticker symbol “GPRO.”