Monday, April 18 was the first day that we as fans could purchase a piece of the Atlanta Braves…kinda. BATRK – the new Atlanta Braves tracking stock – was available for trading on the NASDAQ exchange yesterday and immediately ran into first inning trouble.
Over half a million shares changed hands yesterday, and though the price opened at $27.00, selling pressure was very high as the team could not manage enough offense to sustain a rally.
Baseball metaphors aside, this stock was created to support the efforts of Liberty Media in building SunTrust Park.