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?

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June 2016
82% of people found this answer helpful

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. 

June 2016
June 2016