Saturday, October 22, 2016 10:35:16 PM
by Eric Feigenbaum, studioD
Impact
The change of a stock symbol in and of itself has no specific value or meaning. A change may have little consequence to anyone. Changes frequently occur among companies newer to stock exchanges. This also occurs if a company wants trying to find a symbol that has better distinction and name recognition. Changes don't usually disturb trades or markets.
Investors
Like names themselves, stock symbols can affect the way investors view a company. Share prices are largely a reflection of investor perceptions about a company; a changing symbol can be a small part of a larger change in a company. For example, a merger usually leads to the acquired company dropping its stock symbol in favor of the purchaser's.
http://thefinancebase.com/happens-stock-symbol-changes-its-name-3020.html
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