On its first day of trading on the Nasdaq Capital Market under the symbol "OSH," Orchard Supply Hardware fell $1.47 to close at $23.55.
It was a lackluster day for the company's stock, but the San Jose, Calif.-based hardware chain is eager to begin corporate life as an independent publicly traded company, said CEO Mark Baker.
The retailer completed its spin-off from Sears Holdings Dec. 30 at 11:59 p.m.