Aeropostale Considers Reverse Stock Split

By Tonya GarciaMarketWatch Pulse

Aeropostale Inc. is considering a reverse stock split in order to return to New York Stock Exchange compliance after 30 consecutive trading days in which its stock has fallen below $1. The retailer disclosed Tuesday that it received notice of its noncompliance with NYSE listing standards from the exchange, and said it plans to notify the NYSE by Oct. 13 of a return to compliance. The apparel retailer said it will consider a reverse stock split, among other alternatives. Aeropostale is down 75.2% for the year so far.

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