The Westinghouse ticker symbol was WX during its public trading years, most recently for Westinghouse Electric Company LLC, a nuclear energy firm formed after the original conglomerate's bankruptcy. The symbol changed hands multiple times due to corporate restructuring.
Founded in 1886, Westinghouse was once a diversified industrial giant. By 2017, it had filed for bankruptcy twice, with its assets divided among new entities. The nuclear energy division emerged as Westinghouse Electric Company LLC, adopting the WX ticker until its acquisition in 2020.
The original Westinghouse conglomerate included businesses electronics. After restructuring, its nuclear division became the primary entity using the WX ticker. This is common in bankruptcies, where assets are separated and reassigned.
Some confuse Westinghouse with other energy companies like Duke Energy (DUK) or Edison International (EIX). The original Westinghouse also shares its name with Westinghouse Air Brake Company (WAB), a separate railroad equipment manufacturer still operating under that ticker.
| Company | Ticker | Current Status |
|---|---|---|
| Westinghouse Electric Company LLC | WX (until 2020) | Acquired by Brookfield Business Partners |
| Westinghouse Air Brake Company | WAB | Publicly traded |
In 2020, Brookfield Business Partners acquired Westinghouse Electric Company LLC, taking it private. The WX ticker was delisted, ending its public trading history. This is typical when a company is acquired or goes private.
Tickers simplify tracking company performance. They appear in financial reports, news headlines, and trading platforms. For example, during Westinghouse's bankruptcy proceedings, WX was frequently referenced in court documents and media coverage.
When companies restructure, tickers may change or disappear. Investors rely on these symbols to monitor holdings and market trends. The WX ticker's evolution reflects Westinghouse's complex corporate history.