tracking stock
noun
: a stock the value of which is linked to the performance of a company division but which does not confer ownership in the company or the division
Example Sentences
Recent Examples on the Web Ford finance chief John Lawler later added that there are no current plans for a spinoff or to create another way for investors to bet on the EV portion of Ford’s business, such as a tracking stock. 
Mike Colias, WSJ, 2 Mar. 2022 According to GuruFocus Real-Time Picks, a Premium feature, Berkshire upped its holding of the tracking stock by 35.98% on Nov. 1, buying 5.35 million series A shares. Gurufocus, Forbes, 5 Nov. 2021 The tracking stock has a $19.76 billion market cap; its series A shares were trading around $53.16 on Thursday with a price-book ratio of 2.22 and a price-sales ratio of 2.02. Gurufocus, Forbes, 5 Nov. 2021 The company grouped its three investments, including its previous stake in iHeartMedia, as Liberty SiriusXM Group, a tracking stock that trades on the Nasdaq. J. Kim Murphy, Variety, 19 Oct. 2021 MicroStrategy, in other words, is now more of a bitcoin tracking stock than a software stock. Dan Gallagher, WSJ, 9 June 2021 To retire the tracking stock, VMWare paid an $11 billion special dividend to its shareholders. Antoine Gara, Forbes, 18 Apr. 2021 The tracking stock representing 53% ownership of VMWare could not keep pace with its soaring stock, at times trading at discounts of about 40%. Antoine Gara, Forbes, 18 Apr. 2021 With a tracking stock, a company would sell shares of a business unit that merely tracked the performance of the division. Paul R. La Monica, CNN, 9 Mar. 2021 See More
Mike Colias, WSJ, 2 Mar. 2022 According to GuruFocus Real-Time Picks, a Premium feature, Berkshire upped its holding of the tracking stock by 35.98% on Nov. 1, buying 5.35 million series A shares. Gurufocus, Forbes, 5 Nov. 2021 The tracking stock has a $19.76 billion market cap; its series A shares were trading around $53.16 on Thursday with a price-book ratio of 2.22 and a price-sales ratio of 2.02. Gurufocus, Forbes, 5 Nov. 2021 The company grouped its three investments, including its previous stake in iHeartMedia, as Liberty SiriusXM Group, a tracking stock that trades on the Nasdaq. J. Kim Murphy, Variety, 19 Oct. 2021 MicroStrategy, in other words, is now more of a bitcoin tracking stock than a software stock. Dan Gallagher, WSJ, 9 June 2021 To retire the tracking stock, VMWare paid an $11 billion special dividend to its shareholders. Antoine Gara, Forbes, 18 Apr. 2021 The tracking stock representing 53% ownership of VMWare could not keep pace with its soaring stock, at times trading at discounts of about 40%. Antoine Gara, Forbes, 18 Apr. 2021 With a tracking stock, a company would sell shares of a business unit that merely tracked the performance of the division. Paul R. La Monica, CNN, 9 Mar. 2021 See More Word History
First Known Use
1989, in the meaning defined above