iQIYI Drops to $1.00, Putting Its Nasdaq Listing at Risk
As seen on the 24/7 Wall St. homepage on September 18, 2026.
An 11.5% intraday slide puts the streaming name at exactly $1.00, the line where Nasdaq listing rules start to matter. At a $530 million market cap, moves this size leave little cushion.
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Settling at exactly $1.00 puts iQIYI on Nasdaq's minimum bid price line, where any further weakness opens the door to a delisting notice.
An 11.5% single-session loss on a stock already at the floor leaves little cushion before every subsequent trading day raises the stakes.
Selling hit hardest at the open, and the stock never staged a meaningful recovery.
Holding above $1.00 keeps the listing intact, while a sustained close below it starts a compliance process that forces a reverse stock split or removal from the exchange.
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Mentioned: IQ