tracking stock

noun

: a stock the value of which is linked to the performance of a company division but which does not confer ownership in the company or the division

Example Sentences

Recent Examples on the Web

Following the completion of the split-off, Liberty Media wants to create a new tracking stock group, the Liberty Live Group. —Georg Szalai, The Hollywood Reporter, 17 Nov. 2022

Ford finance chief John Lawler later added that there are no current plans for a spinoff or to create another way for investors to bet on the EV portion of Ford’s business, such as a tracking stock. —Mike Colias, WSJ, 2 Mar. 2022

According to GuruFocus Real-Time Picks, a Premium feature, Berkshire upped its holding of the tracking stock by 35.98% on Nov. 1, buying 5.35 million series A shares. —Gurufocus, Forbes, 5 Nov. 2021

The tracking stock has a $19.76 billion market cap; its series A shares were trading around $53.16 on Thursday with a price-book ratio of 2.22 and a price-sales ratio of 2.02. —Gurufocus, Forbes, 5 Nov. 2021

The company grouped its three investments, including its previous stake in iHeartMedia, as Liberty SiriusXM Group, a tracking stock that trades on the Nasdaq. —J. Kim Murphy, Variety, 19 Oct. 2021

MicroStrategy, in other words, is now more of a bitcoin tracking stock than a software stock. —Dan Gallagher, WSJ, 9 June 2021

To retire the tracking stock, VMWare paid an $11 billion special dividend to its shareholders. —Antoine Gara, Forbes, 18 Apr. 2021

The tracking stock representing 53% ownership of VMWare could not keep pace with its soaring stock, at times trading at discounts of about 40%. —Antoine Gara, Forbes, 18 Apr. 2021

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Word History

First Known Use

1989, in the meaning defined above