Why are the stocks in my portfolio considered delisted?
I have two stocks in my portfolio: Comcast listed as (CMSK) and Sandisk listed as (SNDK). I'm trying to sell both but can't as it says the stocks are not listed. If my stocks are not listed, how is it that I was able to purchase them in the first place? Why are they still listed in my portfolio? Why do they still have a value and are calculated in my portfolio if they are not listed? How do I sell them or get them to be listed?
I’m not sure how your custodian does its reporting but on December 11, 2015, Comcast changed the ticker from CMSK to CMCSA. You should have received one share of the new ticker for the one share of the old.
Sandisk was bought by Western Digital. As of May 12, 2016, each outstanding share of SanDisk common stock was converted into the right to receive $67.50 per share in cash and 0.2387 shares of Western Digital common stock. Here is a link to an FAQ on the transaction closing: http://www.wdc.com/sandisk/faq.pdf
So while the old tickers can’t be sold, you should be able to cash out by selling the new positions with new tickers.
The Comcast ticker symbol is CMCSA. If you go to Yahoo Finance you will see that the stock with the "CMSK" symbol is listed on a Chinese exchange (Shenzhen). How you got them is not immediately apparent and to sell them you would have to find a firm that has access to the Chinese stock market.
The Sandisk symbol is SNDK and you should be able to sell it with no problem if it is actually in your brokerage account.
I would call the firm where you custody your stocks and ask them for help.
Sandisk was purchased on May 12 by Western Digital under the following terms: Under the terms of the transaction, each outstanding share of SanDisk common stock was converted into the right to receive $67.50 per share in cash and 0.2387 shares of Western Digital (WDC) common stock. So check your account for extra cash and the WDC shares. As for Comcast, the symbol is likely CMCSA. I hope this has been helpful.