Highway Holdings Rises as Nasdaq Slides; $1 Minimum Price Still in Play
Highway Holdings Ltd shares climbed late Friday, even as most U.S. stocks moved lower. The move came a day after the Hong Kong-based manufacturer said two board directors resigned. The stock was last at $0.7633, up roughly 4.5%. Volume was 6,815 shares and the company’s market cap sat around $3.37 million. Highway is still under Nasdaq’s $1 minimum bid price rule. The company said in March that Nasdaq gave it until Sept. 14, 2026, to get its closing bid back up to $1 or higher for at least 10 straight sessions. Buyers aren’t paying that much now.