LSB Industries Inc.’s shares resumed trading on Oct. 12 after a halt earlier in the day. The company explained on Oct. 13 that incorrect information had been provided by an NYSE Group Info Notice.
The company believes the distribution of the incorrect information led to a 30 percent downward adjustment to its closing stock price on Oct. 11, 2021.
NYSE reported that a stock dividend applied to all company shares (79.4 million), when in fact it was only a portion (30.4 million). NYSE issued a correction.