Is it ever possible that a stock that is consecutively trading above $1 to get delisted?
If so, how, and for what reasons? And if it happens, how often does it happen?
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The NYSE has a number of requirements that must be met to remain listed. The following are considerations for delisting.
However, in April, the NYSE temporarily suspended its listing standards requiring in response to the coronavirus pandemic. The $15 and $50 million Standards were extended as much as 18 months. The Dollar Standard had several extension categories but 1/01/2021 was the maximum limit, unless they have crafted another extension since April.
Before the pandemic and the extensions, the NYSE considered delisting if any of the aforementioned listing requirements were not met.