If voting at the stockholders meeting is important to you, aim for the A shares. Like any other one-for-one split, the number of shares doubled and the price dropped in half.
The two tickers represent two different share classes: It's those B shares that are still in the possession of Brin, Page, Schmidt and a couple other directors. In Google created a corporate structure falling under a new holding company and moniker called Alphabet. Google split its stock in April , which created the A and C shares. Like any other one-for-one split, the number of shares doubled and the price dropped in half.
There is, however, one crucial difference. A shares get one vote, C shares get none and B shares get 10 votes. Anyone who held A shares at the time of the split got an equal number of C shares. But their voting power did not increase. They trade at a slight premium , which shows that the market does place some value on voting power. See the difference in the chart below:. Note that the A shares consistently trade at a premium to the C shares. Google plans to continue issuing C shares to finance acquisitions and reward employees, so it's far from clear whether the market will price the C shares at larger discounts in coming years or simply bake in the current difference at a few percentage points.
For related reading, see: There was one twist that came with owning the C shares. While the difference isn't huge, it did exist.
What about the B shares?