Ambac Financial Group, Inc. Com(NYSE: ABK)

It has been a wild ride for Ambac Financial Group . Yesterday midday the stock was up over 39%, after soaring upward in previous trading days. Then, by close the stock was down 28%.

After Hours: 1.94 TARGET 2.25

Ambac Financial Group(ABK), the bond insurer whose stock rose from a low of 51 cents two weeks ago to $3.39 yesterday, stands a chance of avoiding a delisting from the New York Stock Exchange.
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Ambac Financial Group| ABK UPIf Ambac can maintain an average closing stock price of $1 for the rest of April, it won't have to entertain a reverse split. Once a stock trades at less than $1 for 30 consecutive trading days, a company is put on notice to increase the share price. That's the first step toward a delisting.
Ambac's stock is up about 18% to $1.91 today. Even a close of $1.60 would give the stock room to drop 10 cents a day through April 30 and still hit the target average. Ambac didn't immediately respond to a request for information.