Highway Holdings Rises as Nasdaq Slides; $1 Minimum Price Still in Play
Highway Holdings shares rose 4.5% to $0.7633 Friday, bucking a broad market selloff that saw the Nasdaq drop 4.18%. The move followed the resignation of two board directors, which the company said was not due to disputes. Highway remains below Nasdaq’s $1 minimum bid rule, with a compliance deadline set for September 2026. Nine-month revenue fell 34.6% to $3.8 million, with a $427,000 loss reported.