United Continental is moving its stock to the Nasdaq.
The airline company said in a press release after the bell Friday that it is transferring its stock exchange listing, with its common stock set to begun trading on the Nasdaq on Sept. 7.
"We look forward to our future partnership with Nasdaq. Their highly respected trading platform and marketing initiatives offer the most cost-effective listing alternative and support our work to deliver on our cost targets," said Gerry Laderman, executive vice president and chief financial officer of United Continental.
United shares have outperformed the broader market this week, rising 3.8 percent and are up 26 percent since January.
The latest shift comes months after PepsiCo. jumped to the Nasdaq from the New York Stock Exchange. At $165 billion, the soft-drink maker became the largest company by market value to jump exchange listing last December, Nasdaq said.
Pepsi said at the time that the move from the New York Stock Exchange will be more cost-effective and give it access to Nasdaq's tools and services.
The New York Stock Exchange declined to comment.
This is breaking news. Please check back for updates.
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