Shares of stock in the Braves yesterday "began trading publicly" and "fell sharply from their opening price," according to Tim Tucker of the ATLANTA JOURNAL-CONSTITUTION. Team Owner Liberty Media "completed a long-in-the-works plan to divide its disparate businesses into three tracking stocks, including one tied to the Braves and the mixed-use development the team is building next to" SunTrust Park. Shares of Liberty Braves Group’s Series A shares "opened at $36" yesterday on NASDAQ, but "plummeted quickly" and closed yesterday’s trading at $19.95 per share -- down 44.6%. Liberty Braves Group’s Series C shares "opened at $27" on NASDAQ closed at $19.14, down 29.1%. In all, "more than 850,000 Braves shares changed hands on the first day of trading." The Braves stock, trading on NASDAQ under the symbols BATRA (Series A) and BATRK (Series C), "is intended to reflect -- or track -- the economic performance and value of the team and the mixed-use complex under construction" next to the new ballpark (ATLANTA JOURNAL-CONSTITUTION, 4/19).
