GLENDALE, Calif. -- DreamWorks Animation SKG Inc. announced Friday that it is voluntarily transferring its stock exchange listing from the New York Stock Exchange to the NASDAQ Global Select Market later this month.
The company expects its Class A common stock will begin trading on the NASDAQ on Feb. 26. It will continue to be listed under the ticker symbol "DWA."
"The NASDAQ and its listed companies represent many qualities with which DreamWorks Animation has long been associated, including industry-leading technology, innovation and creativity," said Rich Sullivan, head of Investor Relations for the company.
"After careful consideration, we believe the NASDAQ will provide our stockholders with access to the most advanced trading platform and the most cost-effective services available in the market today," he said.
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The company has theatrically released a total of 17 animated feature films, including the "Shrek" and "Madagascar" films, "Shark Tale," "Over the Hedge," "Bee Movie" and "Kung Fu Panda." Its latest release, "Monsters vs. Aliens," opens in theaters on March 27.