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What happens to my GNC stock?
GNC Holdings filed bankruptcy on June 23, 2020. Shares were delisted and moved to the “pink sheets” where value has slowly decayed awaiting bankruptcy settlement. The common is now trading below $0.15. The only value in the common would have been if a bidding war had ensued.
Is GNC going out of business 2021?
GNC is not going out of business. In June, the vitamin and dietary supplement company filed for Chapter 11 bankruptcy protection. In September 2020, the company announced it would not go on sale at a bankruptcy auction, instead accepting a sale to Harbin Pharmaceutical Group, which will require court approval.
Why did I get a GNC bankruptcy letter?
In a letter to consumers posted on its website, GNC said it had been under financial pressure for the last several years. “We were making significant progress and were focused on refinancing the business to allow us to position ourselves for long-term growth,” the letter said.
Is GNC going out of business 2020?
Vitamin and dietary supplement chain GNC has declared bankruptcy and will close at least 800 of its 7,300 stores. GNC will remain in business but plans to close between 800-1,200 locations in the U.S One Alabama location – Quintard Mall in Oxford – is on the closure list.
Is GNC stock traded?
GNC trades on the New York Stock Exchange (NYSE) under the ticker symbol “GNC.”
Who owns GNC stock?
Harbin Pharmaceutical Group
GNC (store)
| Type | Subsidiary |
|---|---|
| Total assets | US$ 2.07 billion (2016) |
| Total equity | US$ -95.05 million (2016) |
| Number of employees | ~16,800 (2016) |
| Parent | Harbin Pharmaceutical Group |
Is GNC in financial trouble?
In June, GNC filed for protection from creditors in bankruptcy court, with plans to close about 1,000 locations — more than 10\% of its global footprint. The vitamin and dietary supplement market in the U.S. is worth almost $50 billion, according to the Nutrition Business Journal.
Did Walmart buy out GNC?
GNC is expanding its distribution channel for a selection of its vitamins and supplements with an exclusive deal with Walmart to sell the products in the more than 4,000 Walmart brick-and-mortar stores and on the company’s online sales platform.
Does China own GNC?
In 2018, the Chinese state-owned Harbin Pharmaceutical Group agreed to acquire an approximately 40\% stake in GNC.
Is GNC closing for good?
GNC, the 85-year old seller of vitamins and dietary supplements, filed for bankruptcy late Tuesday and said it plans to close as many as 1,374 stores, or nearly half of its company-owned locations, in the U.S. and Canada by the end of the year.
How many stores is GNC closing after filing bankruptcy?
GNC is closing 248 stores after filing for bankruptcy. Here’s the full list. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. Analyst Opinions for GNC Holdings Inc.
What is the upside for GNC stock?
Their predictions range from $1.50 to $6.00. On average, they anticipate GNC’s share price to reach $3.75 in the next year. This suggests a possible upside of 44.2\% from the stock’s current price. View Analyst Price Targets for GNC.
When is GNC’s (GNC) next earnings release?
View MarketBeat’s top stock picks here. When is GNC’s next earnings date? GNC is scheduled to release its next quarterly earnings announcement on Monday, September 13th 2021. View our earnings forecast for GNC.
Where is GNC located in Pittsburgh?
GNC is headquartered at 300 SIXTH AVENUE, PITTSBURGH PA, 15222. How can I contact GNC? GNC’s mailing address is 300 SIXTH AVENUE, PITTSBURGH PA, 15222.