has fleas. See how it jumps.
Company could have avoided the confusion by either naming the old NYLD as NYLD.A and the new NYLD.C or just name the new class C as NYLD.C. But it didn't. I wonder the reason for the renaming and spilt. Anyone care to guess?
According to last weeks announcement: with the May 14th split,
The old NYLD becomes NYLD.A ,Class A stock while the new class C stock is listed (as the old)NYLD.
I call it a correction, folks taking advantage of recent good news to take a profit after the price surge.