The Braves had a relatively uneventful day on the stock market Wednesday after two days of steep drops.
The team’s Series A shares (symbol BATRA on Nasdaq) closed unchanged for the day at $18.05 Wednesday, while its Series C shares (BATRK on Nasdaq) fell 22 cents to $17.28. The different series carry different voting rights.
Team owner Liberty Media debuted its Braves tracking stock this week, enabling investors to buy and sell shares in the team separate from the rest of the Colorado-based company.
The Braves’ Series A shares opened Monday at $36 but plummeted 44.6 percent that day to close at $19.95. Those shares dropped another 9.5 percent Tuesday to $18.05. In Wednesday’s session, they traded as low as $17.31 and as high as $18.39 before closing at the same price as the day before.
In all, about 2 million Braves shares changed hands Wednesday.
The Braves tracking stock is intended to reflect, or track, the economic performance and value of the team and the mixed-use development it is building next to its new Cobb County stadium. The Braves remain part of Liberty Media, which also debuted two other tracking stocks this week for its other holdings.
