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."
