Current:Home > FinanceStock symbols you'll LUV. Clever tickers help companies attract investors. -ProsperityStream Academy
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-16 22:08:30
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! (83)
Related
- American news website Axios laying off dozens of employees
- Michigan man sentenced to 30 years in prison for role in online child exploitation ring
- Michigan official at the center of 2020 election controversy loses write-in campaign
- Wild winds fuel Southern California wildfire that has forced thousands to evacuate
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- GOP flips 2 US House seats in Pennsylvania, as Republican Scott Perry wins again
- Where Kristin Cavallari and Bobby Flay Stand After He Confessed to Sliding Into Her DMs
- Certain absentee ballots in one Georgia county will be counted if they’re received late
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- A Texas border county backed Democrats for generations. Trump won it decisively
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- 30 quotes about stress and anxiety to help bring calm
- Man arrested at JFK Airport in plot to join ISIS in Syria
- Halle Bailey Deletes Social Media Account After Calling Out DDG Over Son Halo
- What to watch: O Jolie night
- Kourtney Kardashian Shows Son Rocky Barker Bonding With Travis Barker in New Photo
- Emirates NBA Cup explained: Format, schedule, groups for 2024 NBA in-season tournament
- 30 quotes about stress and anxiety to help bring calm
Recommendation
Chief beer officer for Yard House: A side gig that comes with a daily swig.
49ers DE Nick Bosa says MAGA hat stunt was 'well worth' likely fine
Cole Leinart, son of former USC and NFL QB Matt Leinart, commits to SMU football
Police fatally shoot armed man who barricaded himself in New Hampshire bed-and-breakfast
'Most Whopper
Florida’s iconic Key deer face an uncertain future as seas rise
Zach Bryan Hints at the “Trouble” He Caused in New Song Dropped After Dave Portnoy Diss Track
SEC tiebreaker chaos scenario: Potential seven-team logjam atop standings