DOW JONES NEWSWIRES 
 

DreamWorks Animation SKG (DWA) will move its listing to the Nasdaq Stock Market from the New York Stock Exchange, following a line of other companies making the same trip.

The computer-animation studio expects its stock will start trading on the Nasdaq on Feb. 26 and will continue to be listed under the ticker symbol DWA.

"The Nasdaq and its listed companies represent many qualities with which DreamWorks Animation has long been associated, including industry-leading technology, innovation and creativity," said Rich Sullivan, head of investor relations. "After careful consideration, we believe the Nasdaq will provide our stockholders with access to the most advanced trading platform and the most cost-effective services available in the market today."

News Corp. (NWS, NWSA), parent company of The Wall Street Journal and these newswires, moved its two classes of stock to Nasdaq from the NYSE in December. It was the largest company by market capitalization to make the jump last year.

Mylan Inc. (MYL), CME Group Inc. (CME) and Automatic Data Processing Inc. (ADP) also have announced plans to defect to Nasdaq in recent months.

But the defections haven't been just one way. Nasdaq-listed companies such as Monster Worldwide Inc. (MWW) and Myriad Genetics Inc. (MYGN) decamped for the NYSE in 2008. The two-century-old Big Board is owned by NYSE Euronext (NYX).

DreamWorks' shares were at $21.47, up 1.7%, in after-hours trading.

-By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; Kathy.Shwiff@dowjones.com