American Rebel (AREB) Stock Slides Nearly 30% After Hours: Here's Why
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American Rebel Holdings (AREB) shares plummeted nearly 30% in after-hours trading following Nasdaq's decision to delist the company for failing to meet the minimum bid-price requirement. The stock closed at $0.090 after a 19.72% drop during regular trading. The company plans to transition to OTC Markets and remains committed to being a fully reporting SEC registrant. CEO Andy Ross criticized Nasdaq's market structure, and AREB's shares have seen a nearly 100% decline over the past year, with current trading metrics indicating negative trends.
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