Current:Home > StocksStock symbols you'll LUV. Clever tickers help companies attract investors. -ClearPath Finance
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-18 21:27:23
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! (5284)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Israel opens new phase in war against Hamas, Netanyahu says, as Gaza ground operation expands
- China holds major financial conference as leaders maneuver to get slowing economy back on track
- Stock market today: Asian shares slip after S&P 500 slips ahead of Fed interest rate decision
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- In 'The Holdovers,' three broken people get schooled
- US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
- Activists urge Paris Olympics organizers to respect the rights of migrants and homeless people
- North Carolina justices rule for restaurants in COVID
- These Revelations from Matthew Perry's Memoir Provided a Look Inside His Private Struggle
Ranking
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Will Ariana Madix's Boyfriend Daniel Wai Appear on Vanderpump Rules? She Says...
- Cornell University sends officers to Jewish center after violent, antisemitic messages posted online
- Hurricane Otis kills at least 27 people in Mexico, authorities say
- Intel's stock did something it hasn't done since 2022
- Matthew Perry's cause of death unknown; LAPD says there were no obvious signs of trauma
- Suspect arrested in Tampa shooting that killed 2, injured 18
- Olympian Michael Phelps Expecting Baby No. 4 With Wife Nicole
Recommendation
Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
Shop Like RHOC's Emily Simpson With Date Night Beauty Faves From $14
Mia Fishel, Jaedyn Shaw score first U.S. goals as USWNT tops Colombia in friendly
Maine mass shooting may be nation's worst-ever affecting deaf community, with 4 dead
US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
A former British cyberespionage agency employee gets life in prison for stabbing an American spy
Firearms charge against Washington state senator Jeff Wilson dismissed in Hong Kong court
Travis Barker Slams “Ridiculous” Speculation He’s the Reason for Kourtney and Kim Kardashian’s Feud