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Exelon 29% Lower as Demerger of Constellation Concludes -Breaking

by Mike Robinson

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© Reuters.

By Dhirendra Tripathi

Investing.com – Exelon stock (NASDAQ:) traded nearly 29% lower in premarket Wednesday as the separation of Constellation Energy (NASDAQ:), the former competitive power business and power generation of its parent company, was established.

Exelon shareholders got one Constellation stock share per three shares they had at the close of business on January 20, which was the record date.

The company’s transmission and distribution utility business will stay housed under the name Exelon and trade on Nasdaq under the ticker symbol ‘EXC’.

Constellation has begun trading on the Nasdaq Global Select Market Wednesday with its symbol being ‘CEG’.

Exelon has more than 10,000,000 customers in a vast, mostly urban service area that includes Delaware, Maryland, New Jersey and Pennsylvania. 

 

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