Definitions for "tracking stock"
Shares issued by a company which pay a dividend determined by the performance...
A stock issued to track the performance of a portion of a company's assets or business.
A category of common stock that pays a dividend based on the operating performance of a particular part, unit or subsidiary of a company. Companies typically launch tracking stocks to unlock the value of faster-growing business units. Tracking stocks usually exist alongside regular common stock but include no voting rights and don't represent any claim on the assets of the company.