Arch Coal lost nearly 90% of its stock price on the New York Stock Exchange (NYSE) in the first eight months of this year. In a last ditch effort to prevent their stock from being delisted from the NYSE, on August 4, 2015, Arch Coal initiated a one-for-ten reverse stock split to increase the market price per share of their common stock. Delisting procedures are initiated when a stock price trades under $1.00/share for over 30 consecutive trading days. To stay listed with the NYSE, a company is required to maintain certain…