What is ‘XRT’
A notation on a ticker tape that is used to indicate that a security is trading on an ex-rights basis. When used in conjunction with a security that has just undergone a rights offering, the word is intended to remove any uncertainty that may occur by reaffirming that such rights stay with the seller of the security and do not accrue to the buyer. XRT is an acronym for “ex-rights,” which is a legal word.
A stock that has gone ex-dividend often trades lower than it did on the day it went ex-dividend. In a similar vein, a stock that has just gone ex-rights will often trade at a reduced price. In the case of Widgets World, which trades under the ticker code WW and has just completed a rights offering, the stock will normally trade at a lower price after it becomes ex-rights, at which time it will be referred to as WW.XRT.
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