Current:Home > InvestStock symbols you'll LUV. Clever tickers help companies attract investors. -PureWealth Academy
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-14 12:00:51
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! (2)
Related
- Meta donates $1 million to Trump’s inauguration fund
- New York to allow ‘X’ gender option for public assistance applicants
- Who could be the next speaker of the House? Republicans look for options after Kevin McCarthy's ouster
- Auto worker strike highlights disparities between temporary and permanent employees
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- 18-year-old school worker sought in random stabbing death
- A truck that ruined a bridge over an Atlanta interstate was overloaded, inspection finds
- Central Park's iconic Great Lawn closes after damage from Global Citizen Festival, rain
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- NCAA to advocate for stricter sports gambling regulations, protect athletes
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- For Alix E. Harrow, writing 'Starling House' meant telling a new story of Kentucky
- Wall Street ends higher Wednesday after a bad Tuesday for the S&P 500 and Dow
- Who are the 2023 MacArthur ‘genius grant’ fellows?
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Man arrested hours after rape and killing of 5-year-old girl in Kansas
- California county sues utility alleging equipment sparked wildfires
- Shooting at mall in Thailand's capital Bangkok leaves at least 2 dead, 14-year-old suspect held
Recommendation
American news website Axios laying off dozens of employees
Steve Scalise and Jim Jordan running for House speaker as GOP race to replace McCarthy kicks off
A Chicago woman died in a hotel freezer in 2017. Now her mother has reached a settlement
For Alix E. Harrow, writing 'Starling House' meant telling a new story of Kentucky
British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
New technology uses good old-fashioned wind to power giant cargo vessels
German customs officials raid properties belonging to a Russian national targeted by sanctions
Your blood pressure may change as you age. Here's why.