What could "FMGC" (or "FMCG") ticker symbol be? Bought this NYSE stock in 1987 contest but can't find company!
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Answer:
NYSE stocks are typically three letters long. They are only longer when you get into preferred stocks, difference classes of stocks, or other obscure types of securities.
eg. Newscorp different class
NWS, NWSA
eg. Freddie Mac
FRE, FREpB (aka FRE+B aka FREPRB depending upon your quote vendor), FREpH (FRE+H, FREPH).
Rarely do stocks have that classes of common shares that go to "G" (I couldn't find any currently listed) so I think the first symbol FMGC is the most likely and that FMG is likely to be the main stock code applicable.
Then I did some searching for FMG and couldn't find it used in recently history.
There is a comapny listed on the NYSE (FMC Corp, NYSE:FMC) that had a spectacular run in 1987.
Let's say you bought at the start of Spring (20 March) 1987 and sold at the end of Spring 1987 (20 June). The buy price was $31.25 and sale price $38.875 representing a 24% gain in 3 months.
If the final date of the competition was later (eg. end of summer) - 21 Sep 1987, the price was $50.25 representing a 61% increase. The stock made its highest close on 2nd Oct 1987 at $58.625 but like all stocks was hit by the 1987 crash (back down to $31 three weeks later).
According to my reords, FCX wasn't listed back in 1987 (they listed in 1988), so I don't think this is the right one.
Hope that helps you in your quest.
I afraid it is a joke of the site. FMCG is a common acronym for "fast moving consumer goods" like the beer or that sparkling refreshment drink in the US which is not allowed to mention here.
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