Current:Home > StocksStock symbols you'll LUV. Clever tickers help companies attract investors. -EliteFunds
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-16 00:37:33
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! (79586)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Man pleads not guilty to tossing pipe bombs at San Francisco police during chase after church attack
- Céline Dion Enjoys Rare Public Outing With Her Sons Amid Health Battle
- New Jersey governor closes part of state’s only women’s prison amid reports of misconduct there
- Nevada attorney general revives 2020 fake electors case
- Conservative Nebraska lawmakers push study to question pandemic-era mask, vaccine requirements
- Attorney says van der Sloot’s confession about Natalee Holloway’s murder was ‘chilling’
- Panama’s Assembly looks to revoke contract for Canadian mining company after public outcry
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- 3 students found stabbed inside Los Angeles high school, suspect remains at large
Ranking
- All That You Wanted to Know About She’s All That
- Meg Ryan on love, aging and returning to rom-coms: 'It doesn't stop in your 20s'
- Kevin Bacon, the runaway pig, is back home: How he hogged the viral limelight with escape
- Model Athenna Crosby Speaks Out About Final Meeting With Matthew Perry One Day Before His Death
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Supreme Court appears skeptical of allowing Trump Too Small trademark
- Rare all-female NASA spacewalk: Watch livestream from International Space Station
- US Marshals releases its first report on shootings by officers
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Best states to live in, 2023. See where your state ranks for affordability, safety and more.
Texas Rangers win first World Series title with 5-0 win over Diamondbacks in Game 5
15 must-see holiday movies, from 'The Marvels' and 'Napoleon' to 'Trolls 3' and 'Wish'
$73.5M beach replenishment project starts in January at Jersey Shore
Geaux Rocket Ride is second horse based at Santa Anita to die in lead up to Breeders' Cup
Daniel Radcliffe’s Stunt Double Recalls Harry Potter Accident That Left Him Paralyzed
King Charles III acknowledges 'unjustifiable acts of violence' against Kenyans during Commonwealth visit