THQ Share Prices Rally, May Beat NASDAQ Delisting After All
After hitting an all-time low of $0.45 on April 17th, THQ’s stock prices closed at $0.67. While that is still below the threshold needed to keep the beleaguered publisher from being delisted, it’s certainly showing an upward trend for a company that desperately needs it. To totally avoid delisting, THQ needs to have its stock price stay above the $0.99 mark for ten consecutive days by July 23rd.
The company had earlier estimated that its sales would be between $130 million and $150 million. However, after strong sales of Saints Row: The Third, THQ is anticipating that its non-GAAP sales will be between $160 million and $170 million. Not bad for a company that some people were thinking would not be around by the end of the year
To help pull them above the water, so to speak, THQ is pushing ahead with its 17 game rescue plan. Some of the games in that plan include Darksiders II, South Park: The Game, and Homefront 2. Here’s hoping that THQ can finally find its stride and put itself back on top!
