Same Name / Different Share PriceA couple of examples are listed here where a big name stock is listed on both NASDAQ / NYSE and Neo
Disney
Closed February 4, 2022 at $142 USD on NYSE
Closed February 4, 2022 at $17.3 on Neo – low volume
Same with AAPL:
Closed $172 and change on NASDAQ
And $26.40 on Neo – low volume
There are numerous other similar examples
What is being traded on Neo? Are they fractional shares?
Thanks
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Those are Canadian Depository Receipts, which effectively are fractional shares that are also currency hedged to mitigate the impact of currency fluctuation for Canadian investors. I haven’t checked to see what size the fractions are, or how they are maintained at close to fair value, but I would assume that if there’s any trading volume they’re very close to fair value — that’s typically the case with stocks that trade in both the US and Canada, though the NEO is a very low-volume exchange.