Current:Home > reviewsStock symbols you'll LUV. Clever tickers help companies attract investors. -FutureFinance
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-15 07:35:24
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! (21843)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Eight US newspapers sue ChatGPT-maker OpenAI and Microsoft for copyright infringement
- Midtown Jane Doe cold case advances after DNA links teen murdered over 50 years ago to 9/11 victim's mother
- LeBron James looks toward intriguing NBA offseason after Lakers eliminated in playoffs
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Katy Perry Has a Message for Concerned Fans After Debuting New Wig
- US drug control agency will move to reclassify marijuana in a historic shift, AP sources say
- A missing Utah cat with a fondness for boxes ends up in Amazon returns warehouse, dehydrated but OK
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- A former Naval officer will challenge Florida Congressman Matt Gaetz in upcoming GOP primary
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Lawmakers and advocates make last-ditch push to extend affordable internet subsidy
- The Government Is Officially Reintroducing Grizzly Bears in the North Cascades. What Happens Now?
- What's next for boxer Ryan Garcia? Tantalizing options exist after win over Devin Haney
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- F-16 fighter jet crashes near Holloman Air Force Base; pilot safely ejects and taken to a hospital
- An Alabama Senate committee votes to reverse course, fund summer food program for low-income kids
- How to change your AirTag battery: Replace easily with just a few steps
Recommendation
B.A. Parker is learning the banjo
2-year-old child dies, another child hurt after wind sends bounce house flying in Arizona
Eight US newspapers sue ChatGPT-maker OpenAI and Microsoft for copyright infringement
Former pirate Johnny Depp returns to the screen as King Louis XV. But will audiences care?
Retirement planning: 3 crucial moves everyone should make before 2025
The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know
Jury finds Wisconsin man sane in sexual assault, killing of toddler
Lottery bids for skilled-worker visas plunge in the US after changes aimed at fraud and abuse