Why are some companies listed twice on the stock ticker with different prices?
While watching one of the news channels today I noticed the stock ticker at the bottom of the screen list some companies twice. Example, companyA 1K@24.73 ^.14 and then again companyA 100@24.90 ^.10. I'm kinda lost when it comes to the stock market. Can someone explain this?
Public Comments
1. There are companies that have different sets of shares like Chipotle Mexican grill, CMG and CMGB. Also Mueller Water Systems, MWA and MWB. I think they just start out with a public offering of the shares and then want to raise more capital some time later, but don't want to dilute the stock price, so they make a new set of them.
2. Could it be the difference of New York Stock Exchange and Nasdac????
3. Companies aren't listed on the ticker; securities are. Most companies only have one kind of stock. Some have multiple classes of common stock, usually with different voting rights. Others have one or more classes of preferred stock issued at different times with different dividend rates and conversion rights.
4. If I understand what you are asking, the reason you see it twice is the stock traded twice. Once at 24.73 and then at 24.90.
If you are talking about different trading symbols, more than likely one is a preferred stock. They pay higher dividends, arent as activity traded and they come before common stock if the company goes bankrupt... but even then they probably won't get paid.
There are only a few stocks that list both NYSE and the NASDQA... Microsoft MSFT and Intel INTC are the two I know for sure do. *Both are on the DOW 30*