Shares of American Rebel Holdings will look to rebound Friday after the stock nosedived more than 28 percent Thursday as the company seeks to maintain its Nasdaq listing compliance.
At the close of the bell, the stock (ticker: AREB ) for the Nashville-based company was priced at $0.78, down 28.06 percent (the equivalent drop of $0.30 per share).
Volume was heavy, as 2.53 million shares traded, according to Yahoo Finance. The daily average had been about 717,000 shares.
American Rebel CEO Andy Ross Courtesy of ARH
On Thursday afternoon and via a press release, American Rebel Holdings — a designer and marketer of safes, personal security products, patriotic apparel and a light beer — announced that it submitted its request, prior to the 4 p.m. Eastern Time deadline on Aug. 27, to a