What Was Weatherford Common Stock Symbol: Essential Facts

Understanding the Weatherford common stock symbol is crucial for anyone researching historical financial data, tracking past market performance, or analyzing the company’s legacy in the energy sector. This article provides a clear explanation of the stock symbol, its relevance, and practical tips for leveraging this information in your investment research.

Background: Weatherford and Its Stock Symbol

Weatherford International plc is a well-known multinational oilfield service company. In the context of financial markets, a stock symbol (also called a ticker symbol) is a unique series of letters representing a publicly traded company’s shares on a stock exchange. For Weatherford, the common stock symbol was WFT when it was listed on the New York Stock Exchange (NYSE) and later on the NASDAQ.

As of June 2019, Weatherford filed for Chapter 11 bankruptcy protection, which led to its delisting from the NYSE. The company subsequently restructured and, after emerging from bankruptcy, began trading under a new symbol. However, for historical data and research prior to restructuring, WFT remains the key identifier.

Why the Stock Symbol Matters for Investors and Researchers

The Weatherford common stock symbol is essential for:

• Accessing Historical Data: Investors and analysts use the symbol to retrieve past price charts, trading volumes, and financial statements.
• Tracking Corporate Actions: Events such as stock splits, dividends, and mergers are recorded under the official symbol.
• Ensuring Data Accuracy: Using the correct symbol prevents confusion with similarly named companies or unrelated securities.

For example, as of June 2019, Reuters reported that Weatherford’s shares (WFT) were suspended from trading on the NYSE following bankruptcy proceedings. This highlights the importance of using the right symbol when searching for pre-2019 data.

Recent Developments and Practical Tips

After restructuring, Weatherford re-entered the market with a new symbol, but the original Weatherford common stock symbol (WFT) remains relevant for historical research. When using financial databases or charting tools, always specify the date range and confirm the exchange to ensure you’re accessing the correct records.

For those interested in broader financial research or digital asset trading, platforms like Bitget offer advanced tools for tracking both traditional and crypto assets. While Bitget specializes in digital assets, understanding stock symbols like WFT can help bridge knowledge between traditional finance and the evolving world of blockchain and crypto trading.

Common Misconceptions and Research Best Practices

Some users mistakenly search for outdated or incorrect symbols, leading to incomplete or inaccurate data. Always verify the official symbol and check for any corporate actions (such as bankruptcy or relisting) that may affect your search. For Weatherford, remember that WFT was the official common stock symbol prior to its restructuring.

To further enhance your research, consider using reputable financial news sources and official filings. As of June 2019, Bloomberg and Reuters provided timely updates on Weatherford’s trading status and corporate changes, ensuring that investors had access to the most accurate information.

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