Current:Home > NewsStock symbols you'll LUV. Clever tickers help companies attract investors. -Excel Money Vision
Stock symbols you'll LUV. Clever tickers help companies attract investors.
Indexbit View
Date:2025-04-08 05:29:32
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! (642)
Related
- 'Most Whopper
- 3 men set for pleas, sentencings in prison killing of Boston gangster James ‘Whitey’ Bulger
- New Jersey’s attorney general charges an influential Democratic power broker with racketeering
- Mookie Betts has left hand fracture after being hit by pitch in Dodgers' win over Royals
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Social Security is constantly getting tweaked. Here's what could be changing next.
- Kansas lawmaker’s law license suspended over conflicts of interest in murder case
- Home run robbery in ninth caps Texas A&M win vs. Florida in College World Series opener
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Thieves pilfer Los Angeles' iconic 6th Street Bridge for metal, leaving the landmark in the dark
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- A new airport could spark the economy in a rural part of Florida. Will the workforce be ready?
- U.S. supports a just and lasting peace for Ukraine, Harris tells Zelenskyy at Swiss summit
- Ryan Blaney wins inaugural Iowa Corn 350 to end victory drought
- Rylee Arnold Shares a Long
- Singer Cody Simpson fails to make Australian Olympic swimming team
- Rep. Mike Turner says Speaker Johnson will assert leadership if any improper behavior by new Intelligence Committee members
- Chiefs DT Isaiah Buggs charged with second-degree domestic violence/burglary
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Wildfire north of Los Angeles prompts evacuation orders; over 14k acres scorched
Prosecutor declines filing charges in ATF shooting of Little Rock airport director
Shooting at Michigan splash pad leaves 9 injured, including children; suspect dead
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Kate Middleton Shares Sweet Photo of Prince William and Kids at the Beach for Father's Day
Shooting at Michigan splash pad leaves 9 injured, including children; suspect dead
How Zac Efron Really Feels About Brother Dylan Competing on The Traitors