NYSE suspends trading of Oregon stock

NYSE suspends trading of Oregon stock
EUGENE, Ore. (AP) — The New York Stock Exchange has suspended trading of stock in Monaco Coach Corp., a preliminary step to delisting it.

The RV manufacturer's corporate headquarters are in Coburg, north of Eugene.

The exchange this week cited "abnormally low" trading levels for the stock. Monaco said Monday it is terminating about 2,000 workers.

The 52-week high is $10.47. It closed at 4½ cents Wednesday The Register-Guard newspaper of Eugene reported.

The NYSE requires a listed common stock to maintain an average closing price of more than $1 per share for 30 consecutive trading days. Monaco's stock has been below that since Dec. 19.

Monaco can appeal the decision. The stock now is available over-the-counter.