Current:Home > ContactStock symbols you'll LUV. Clever tickers help companies attract investors. -Wealth Momentum Network
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-17 00:07:14
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! (964)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Inmates who wanted pizza take jail guard hostage in St. Louis
- Tennessee zoo says it has welcomed a rare spotless giraffe
- Dominican Republic shutters schools and offices ahead of Tropical Storm Franklin
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- These Low-Effort Beauty Products on Amazon Will Save You a Lot of Time in the Morning
- Child killed, at least 20 others injured after school bus crash in Ohio
- Georgia sheriff resigns after pleading guilty to groping TV's Judge Hatchett
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Biden pledges to help Maui ‘for as long as it takes,’ Richardson's 100M win: 5 Things podcast
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- See the nearly 100-year-old miracle house that survived the Lahaina wildfire and now sits on a block of ash
- Rihanna and A$AP Rocky welcome second child, reports say
- Huntsville City Council member pleads guilty in shoplifting case; banned from Walmart
- In ‘Nickel Boys,’ striving for a new way to see
- Pakistani rescuers try to free 6 kids and 2 men in a cable car dangling hundreds of feet in the air
- Sha'Carri Richardson wins 100-meter title at world championships to cap comeback
- Sha’Carri Richardson wins 100, claims fastest woman in world title
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Melissa Joan Hart Reveals She Was Almost Fired From Sabrina After Underwear Photoshoot
I'm a new dad. Here's why I'm taking more parental leave than my wife.
Bachelor Nation's Jason Tartick Reflects on Tidal Waves of Depression Amid Kaitlyn Bristowe Breakup
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Horoscopes Today, August 22, 2023
Are salaried workers required to cross a picket line during a labor strike? What happens.
Bachelorette's Charity Lawson Joining Dancing With the Stars Season 32