Stock Alert: Party City Shares Up 32% In Premarket

(RTTNews) - Shares of Party City Holdco Inc. (PRTY) are currently trading at $1.72, up 43 cents or 32.82% in the pre-market session. The stock has been trading in the range of $0.26 - $7.37 for the past one year, and closed Tuesday's trade at $1.28, down 10 cents or 7.25%. Trading volume was 2.77 million versus an average volume of 10.9 million shares.

The company, on Tuesday, announced that it received written notification from the New York Stock Exchange that it has regained compliance with the NYSE continued listing standards.

Party City regained compliance after its closing share price on June 30, 2020 and its average closing share price for the 30 trading-day period ending June 30, 2020 both exceeded $1.00.

Brad Weston, Chief Executive Officer, said, "We are pleased to have regained compliance with all NYSE listing requirements. We remain focused on our strategic plan, including initiatives underway to support our financial strength and establish Party City as the destination of choice for all things celebration."