Eagle & Beagle. Nov. 4

Business Writer Don Mecoy takes a look at the week's best- and worst-performing stocks.

 
By Don Mecoy | Published: November 4, 2012    Comment on this article Leave a comment

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I sometimes ignore Graymark in this column because its stock is so low-priced that tiny price changes produce huge percentage swings in its pricing. For instance, every week for the past several weeks, the stock has gained or lost 15 percent or more, but the stock on Friday closed about where it was a month ago — 41 cents.

Partly because of that low stock price, Graymark will leave the Nasdaq Stock Market this week. Nasdaq will delist the stock for failing to maintain minimum pricing requirements and for the company's inability to reach a minimum level of shareholders' equity.

The company, which operates sleep diagnosis centers, expects the shares will continue trading in the over-the-counter market. We wish them well, and hope someday GRMH returns to a major exchange.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.