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."

Wall Street Flat After a Six Day Bullish Streak

Wall Street Flat After a Six Day Bullish Streak

(Reuters) - The S&P was coming off its longest streak of advances since mid-April, and both it and the Dow had closed at records on Friday. While Wall Street's uptrend is still viewed as intact, investors are looking for catalysts to deliver more robust gains, and recent economic data has been mixed.

U.S. stocks ended a quiet session on Monday essentially unchanged as investors found few reasons to keep buying following a six-day rally in the S&P 500, though merger activity lifted energy shares.

"Right now we're digesting last week's gains and keeping an eye on all the economic data that's coming out this week," said Leo Grohowski, who oversees more than $184 billion in client assets as chief investment officer at BNY Mellon Wealth Management in New York.