I did a search through Yahoo Finance and noticed that seemingly the same stock (ex: Goldman Sachs) is listed under different names, with different (albeit close) prices.
Problem is I don't see any such GS-XX or MX-XX in Interactive Brokers, only a plain "GS" or "MS" at totally different price.
These are all Related Securities for Parent Company: GS https://www.quantumonline.com/ParentCoSearch.cfm?tickersymbol=GS Looks like you are looking at GS-K Goldman Sachs Group, 6.375% Dep Sh Fixd/Float Non-Cumul Preferred Stock Series K
Thanks for providing an answer but I don't understand anything Any idea if I can actually trade these stocks and most importantly, if I can trade options on them? And how... I can't seem to find them in Interactive Brokerz...
They're not stocks in the traditional sense of equity. They are trading instruments. If you don't understand debt and hybrid debt/equity instruments then you should not be trading them. They are complex animals aimed at institutional traders, not at you. It doesn't help that Yahoo has a non descriptive name for them.
Well there seems to be no way to trade them in Interactive Brokers at least so I'm safe. So Yahoo screener is dumb for showing instruments that basically can't be traded by retail traders? I don't think institutional traders use yahoo to look for stocks, so what's the point of including those weird instruments there...
They come in the data package Yahoo is using. Just deciding what can or can't be traded by retail traders is a huge job, let alone staying on top of it to filter them out. That all costs money, why spend it when the only benefit is???
These are preferreds which means they are really very junior debt instruments that often have equity like features. they are tradable for retail. It’s dumb that you can’t figure out how to trade them at IB.