after symbol change or before, they will announce 1- new CEO 2- the new CEO will PR and announce details of the first spin off IPO (total vapor), the new CEO will also announce future spin offs in 2017, and will also announce a massive reverse split to fix the share structure 3- there will also be details on drawer's severance pay (shares diluted and dumped into vpor over the past few weeks and into Nov
What Happens When a Stock Symbol Changes Its Name? 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.
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