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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Motorola Solutions | NYSE:MOT | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.11 | 0.00 | 01:00:00 |
Standard & Poor's said Motorola Mobility Holdings Inc. (MMI) would replace Meredith Corp. (MDP) in the S&P 500 index, effective after Jan. 3.
That date is the last day Motorola Inc. (MOT) is expected to trade before it splits into two companies: Motorola Mobility, consisting of its consumer-focused smartphone and set-top box business, and Motorola Solutions, which will hold on to the company's business mobile and networks divisions.
In October, Motorola reported its third-quarter profit soared as it sped the release of new smartphones using Google Inc.'s (GOOG) Android software. Motorola has bet heavily that its lineup of Android devices would rejuvenate its flagging mobile devices business--a move that is starting to pay off.
Meredith will be moved into the S&P MidCap 400 Index, which the agency said was a better fit given its $1.6 billion market value.
Neither stock was active in after-hours trading following the announcement.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com
1 Year Motorola Chart |
1 Month Motorola Chart |
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