Citadel is the ultimate Penny Stock

Citadel Broadcasting traded for the last time Thursday on the New York Stock Exchange, being booted by the NYSE as of today. And what a finish it was! The stock fell 90% in a single day to close at one cent per share. Late yesterday Citadel finally announced the stock symbol for its trading today on the over-the-counter market. So, if you’re looking for a Citadel stock quote today, the NYSE symbol of CDL will no longer work. Try CTDB on the OTC market. What’s the company worth? With 269.9 million shares outstanding, at a penny a share, Citadel – and we’re talking about the entire company – is valued at $2.7 million.