Current:Home > NewsStock symbols you'll LUV. Clever tickers help companies attract investors.-LoTradeCoin
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View Date:2024-12-23 20:48:04
A clever stock ticker is more than just a gimmick. Whether it's WOOF, EAT, or even the initials of a former president, a memorable stock symbol can help companies attract investors.
One 2006 study from Princeton University psychologists found that stocks with ticker symbols that are easier to pronounce tend to perform better in the days immediately after they start trading. Another from Pomona College in 2019 verified earlier research that found clever tickers tend to perform better, partly because they are more memorable to investors.
“There’s evidence that having a company name and ticker that investors like, that's easy to process, is valuable,” says Russell Jame, associate professor of finance at the University of Kentucky. “It generates more trading in the firm, so that improves the stock liquidity and it also results in a larger breadth of ownership and, ultimately, higher valuation ratios.”
One example of stock-ticker branding could hit the market next week. The parent company of Truth Social, the social media platform that Donald Trump launched after getting booted from Facebook and Twitter after the Jan. 6 Capitol attack, may start trading on the stock market.
The ticker symbol? DJT, for Donald J. Trump.
Here are just some of the more creative stock market symbols trading today.
WOOF: Petco Health and Wellness Company has been trading under the ticker “WOOF” since its IPO in 2021, amid the lockdown-fueled pet boom.
LUV: Southwest Airlines has had close ties to the word “love” since its inception in 1971, when it announced its first service from Love Field in Dallas. The carrier's marketing team leaned into the name, and sold tickets to ride in “LUV seats” and served “LUV bites” and “LUV potions” to customers.
Trump's financial woes:Can Truth Social deal save him from his cash crunch? Maybe.
TAP: Molson Coors Beverage, the parent company to Coors, Blue Moon, Keystone and other adult beverages, tapped into its brewery roots when picking a ticker symbol.
EAT: This one belongs to Brinker International. If the name’s not ringing a bell, you might be more familiar with its restaurant brands: Chili’s Grill & Bar and Maggiano’s Little Italy.
CAKE: What better company to own the CAKE ticker than Cheesecake Factory?
Trump's Truth Social to go public:Social media platform parent company wins merger vote
FIZZ: National Beverage’s portfolio includes LaCroix and several other sparkling waters, juices, energy drinks, and carbonated soft drinks.
PLAY: Dave & Buster’s locations feature restaurants and bars, but the company emphasizes its video arcade offerings with its ticker symbol.
ZEUS: The ancient Greek god is a perfect fit for Olympic Steel Inc., an Ohio-based metals service center.
FUN: Cedar Fair, an amusement park operator, notes that it has “cornered the market on fun" with its ticker symbol.
HOG: The nickname for Harley Davidson motorcycles goes back roughly a century. Ray Weishaar, a member of the company’s factory racing team in the early 1900s, adopted a piglet named Johnnie. The pet became a team mascot and would be carried on victory laps. Harley Davidson bikes would become known as hogs.
veryGood! (9237)
Related
- Vermont man is fit to stand trial over shooting of 3 Palestinian college students
- CVS Health lays out changes to clarify prescription drug pricing that may save some customers money
- Jamie Foxx Details Tough Medical Journey in Emotional Speech After Health Scare
- From 'The Bear' to 'Jury Duty', here's a ranking of 2023's best TV shows
- Reese Witherspoon's Daughter Ava Phillippe Introduces Adorable New Family Member
- Cyclone Michaung flooding inundates Chennai airport in India as cars are swept down streets
- Florida motorist accused of firing at Rhode Island home stopped with over 1,000 rounds of ammo
- China’s government can’t take a joke, so comedians living abroad censor themselves
- UConn, Kansas State among five women's college basketball games to watch this weekend
- Disinformation researcher says Harvard pushed her out to protect Meta
Ranking
- Elton John Details Strict Diet in His 70s
- A long-lost piece of country music history is found
- Top players in the college football transfer portal? We’re tracking them all day long
- UConn falls to worst ranking in 30 years in women’s AP Top 25; South Carolina, UCLA stay atop poll
- 'Serial swatter': 18-year-old pleads guilty to making nearly 400 bomb threats, mass shooting calls
- Oil firms are out in force at the climate talks. Here's how to decode their language
- Wisconsin pastor accused of exploiting children in Venezuela and Cuba gets 15 years
- The Excerpt podcast: Retirees who volunteer in their communities can have a huge impact.
Recommendation
-
A pair of Trump officials have defended family separation and ramped-up deportations
-
World carbon dioxide emissions increase again, driven by China, India and aviation
-
Wisconsin pastor accused of exploiting children in Venezuela and Cuba gets 15 years
-
Derek Chauvin returned to prison following stabbing, lawyer says
-
A crowd of strangers brought 613 cakes and then set out to eat them
-
Woman killed in shark attack while swimming with young daughter off Mexico's Pacific coast
-
After racist shooting that killed 3, family sues Dollar General and others over lax security
-
Jodie Sweetin Reveals the Parenting Advice the Full House Men Gave That's Anything But Rude