To some, the NYSE is the fuddy duddy stock exchange and the Nasdaq is the hip place to trade happening stocks. News Corporation announced that it is moving its stock listing from the NYSE to the Nasdaq Global Select Market, effective December 29th. It will retain its stock symbol of NWS for its widely traded Class B stock and the Class A will become NWSA.
“Our move to NASDAQ will ensure that our stockholders have access to the most current trading technology possible. We are confident that NASDAQ’s broad offerings and exceptional service, coupled with a cost-effective structure, will provide more value for our stockholders,” said Reed Nolte, Senior Vice President, Investor Relations at News Corporation.