Aeropostale gets delisted from NYSE

Troubled teen retailer Aeropostale Inc. has been dealt another blow.



On Friday, the New York Stock Exchange suspended trading of the retailer’s stock with immediate effect, due to an "abnormally low" trading price.



Aeropostale does not intend to appeal the delisting. It said its shares will instead be traded on the OTCQX Best Market, an over-the-counter market operated by OTC Markets Group Inc. The new ticker is "AROP".



Aeropostale stock last traded on the NYSE at 15 cents on Thursday afternoon before being halted for pending news, which turned out to be a report from Bloomberg that the chain was moving closer to a Chapter 11 filing.