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Hundreds of stocks fell below $1. They are still listed on Nasdaq.

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Hundreds of stocks have gone bankrupt this year, following a collapse in the once-hot market for dynamic startups seeking rapid growth.

As of Friday, 557 stocks listed on U.S. exchanges were trading for less than $1 per share, compared to fewer than a dozen at the start of 2021, according to Dow Jones Market Data. The majority of these stocks – 464 of them – are listed on the Nasdaq stock exchange, whose rules require companies to maintain a minimum price of $1 or risk being delisted.

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