Expeditors Announces Listing Transfer To New York Stock Exchange
Portfolio Pulse from Benzinga Newsdesk
Expeditors International of Washington, Inc. (NASDAQ:EXPD) has announced its decision to transfer the listing of its common stock from the Nasdaq Stock Market LLC to the New York Stock Exchange (NYSE). The company's common stock is expected to begin trading on the NYSE on November 21, 2023, under its current ticker symbol 'EXPD'. The stock will continue to trade on Nasdaq until the market closes on November 20, 2023.
November 09, 2023 | 11:32 pm
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POSITIVE IMPACT
Expeditors International's decision to transfer its stock listing from Nasdaq to NYSE could potentially increase its visibility among large-cap peers, which may have a positive impact on its stock price.
The transfer of Expeditors International's stock listing to NYSE, a platform that hosts 70% of the S&P 500 and is known for its large-cap companies, could increase the company's visibility among these peers. This increased visibility could potentially attract more investors, leading to an increase in demand for the stock and subsequently, a rise in its price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100