For example. If stock XYZ.ob meets the eligibility requirements to trade under a new symbol XY under the Nasdaq index, do existing shares of XYZ.ob become worthless or do they maintain their current value as XY?
2007-03-11 11:41:06 · 4 answers · asked by losangelesmoons 2 in Business & Finance ➔ Investing
Od shares of xyz.ob would be converted to the new shares of XYZ. They would maintain their value, but there would probably be a conversion ratio so that you wouldn't actually have the same number of shares.
2007-03-11 12:12:25 · answer #1 · answered by BosCFA 5 · 0⤊ 0⤋
If stock WXYZ.ob meets the value (price) requirements of the NASDAQ Exchange, (it is not an index, Standard & Poor's publishes an index of 600 small cap stocks listed on the NASDAQ Exchange -- also .ob, and NASDAQ stocks have 4 letters) it is just transfered over. No change in price (except for regular day-to-day trading changes), no change in number of shares owned, WXYZ.ob just becomes WXYZ.
2007-03-11 12:51:17 · answer #2 · answered by gosh137 6 · 0⤊ 0⤋
The shares that traded as XYZ.ob now trade as XY on the NASDAQ. You can sell the shares that you bought as XYZ.ob as XY. No problema.
2007-03-11 14:50:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Why do no longer you purchase a inventory that sounds like it desires to bypass up? in this industry, that is perplexing. My element is that the main suitable fundamentals interior the international won't elevate a inventory if the traditional industry is headed down.
2017-01-04 08:07:03 · answer #4 · answered by ? 4 · 0⤊ 0⤋