NEW YORK — Kmart Corp., which has been operating in the red for the past two years, is now in the "pink."

On Thursday, trading of shares of the bankrupt discounter moved to the "pink sheets," the electronic quotation system. After 84 years on the New York Stock Exchange, the shares’ last trade on the Big Board was Wednesday, where it closed at 35 cents. Kmart was notified by the stock exchange in July that it was in danger of being delisted after its stock price fell below $1.

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