Current:Home > MyStock symbols you'll LUV. Clever tickers help companies attract investors. -ProgressCapital
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-27 20:59:25
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! (6383)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- Top global TikToks of 2023: Mr. Bean of math, makeup demo, capybaras!
- How Dickens did it: 'A Christmas Carol' debuted 180 years ago, and won hearts instantly
- 5.9 magnitude earthquake shakes Indonesia’s Aceh province. No casualties reported
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- Gunmen kill 6 people, wound 26 others in attack on party in northern Mexico border state
- RFK Jr. meets signature threshold in Utah to qualify for ballot
- Why do we sing 'Auld Lang Syne' at the stroke of midnight? The New Year's song explained
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Family found dead in sprawling mansion outside Boston in 'deadly incident of domestic violence'
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- After fires, Maui struggles to find balance between encouraging tourism and compounding trauma
- Our worst NFL preseason predictions from 2023, explained: What did we get wrong?
- Israeli-French hostage recounts harrowing experience in captivity
- Retirement planning: 3 crucial moves everyone should make before 2025
- BlendJet recalls nearly 5 million blenders after reports of property damage, injuries
- Kathy Griffin Files For Divorce From Randy Bick Ahead of 4th Wedding Anniversary
- Paula Abdul Sues American Idol EP Nigel Lythgoe for Sexual Assault
Recommendation
Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
'Wait Wait' for December 30, 2023: Happy Holidays from Wait Wait!
Missouri closes strong to defeat shorthanded Ohio State in Cotton Bowl
Israel pounds central and southern Gaza after widening its offensive
Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
See the massive rogue wave that crashed into Ventura, California, sending 8 people to the hospital
What's Making Us Happy: A guide to your weekend reading, viewing and listening
Migrant crossings at U.S. southern border reach record monthly high in December