Will a stock transfer move the stock price up?
The small cap oil company stock i'm looking at is transfering from the NYSE AMEX to NYSE because they want to build shareholders value for the long term. This happens this coming Monday. When a stock does listing transfers to "the big time" so to speak, generally do stock prices increases for that stock when it does the transfer? Will it increase on the day of the transfer?
- Common SenseLv 79 years agoFavorite Answer
That's what they'd like you to believe. They may even believe it themselves (to a very small degree). Going from the AMEX to NYSE is truly a non event.
- Anonymous9 years ago
Hello Global Imrc,
Well, its good news for the company if it moves from a small exchange to a bigger one. Because the company is more liquid now. And when it moves on to a bigger exchange it is also noticed and traded by the professionals and fund managers who dont like to dabble with stocks in a much smaller exchange. But sooner or later the real trend of the company stock will reflect on it.
Arun.Source(s): Have been following the markets for a long time now.
- RaysorLv 79 years ago
Well why would it?
If the company is good and liquid then it will go up on AMEX (more buyers than sellers).
What changes when it moves up?
Also check the stock hasn;'t already moved up in price on AMEX in anticipation of the move (leaked?)
- clayjar_aznLv 79 years ago
Thing is that the news is considered old so any price action would have happened already. The stock market moves quickly.