Ceridian To Change Ticker Symbol From 'CDAY' To 'DAY' On NYSE And TSX, Effective Feb 1; Change Is Connected To Brand Transition To Dayforce
Portfolio Pulse from Benzinga Newsdesk
Ceridian announced it will change its ticker symbol from 'CDAY' to 'DAY' on the NYSE and TSX, effective February 1. This change is part of a brand transition to Dayforce. No action is required from shareholders, and the CUSIP number will remain the same.
January 22, 2024 | 1:15 pm
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NEUTRAL IMPACT
Ceridian's ticker symbol change to 'DAY' reflects a brand transition and does not require shareholder action. The stock will continue to trade on NYSE and TSX with the same CUSIP number.
Ticker symbol changes are generally neutral events that do not fundamentally alter the company's value or operations. However, they can sometimes increase visibility and align corporate branding with product branding, which could have a minor positive marketing impact. The lack of requirement for shareholder action and the unchanged CUSIP number suggest minimal practical impact on the stock.
CONFIDENCE 100
IMPORTANCE 20
RELEVANCE 100