Current:Home > ScamsStock symbols you'll LUV. Clever tickers help companies attract investors. -Ascend Finance Compass
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-26 12:52:39
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! (33)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Minneapolis police search for suspects in backyard shooting that left 1 dead and 6 wounded
- Former foster children win $7M settlement after alleging state turned blind eye to abuse
- Historic Maria Lanakila Catholic Church still stands after fires in Lahaina, Maui
- Meet first time Grammy nominee Charley Crockett
- Indiana man indicted in threats made to Michigan municipal clerk following 2020 election
- The failed Ohio amendment reflects Republican efforts nationally to restrict direct democracy
- They lost everything in the Paradise fire. Now they’re reliving their grief as fires rage in Hawaii
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Maine to convert inactive rail track to recreational trail near New Hampshire border
Ranking
- Don't let hackers fool you with a 'scam
- Prosecutors decline to charge officer who shot and wounded autistic Utah teenager
- California judge who's charged with murder allegedly texted court staff: I just shot my wife. I won't be in tomorrow.
- California judge who's charged with murder allegedly texted court staff: I just shot my wife. I won't be in tomorrow.
- Current, future North Carolina governor’s challenge of power
- Rory McIlroy takes a jab at Phil Mickelson over excerpt from golf gambling book
- Lahaina, his hometown, was in flames. He looked for a way out. Then he heard the screams.
- 'Below Deck,' reality producers stepped in to stop a drunken assault — this time
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
3 former GOP operatives to pay $50K for roles in a fake charity tied to E. Palestine derailment
Special counsel named in Hunter Biden investigation, a look at campaign merch: 5 Things podcast
Turkish investigative reporter Baris Pehlivan ordered to jail — by text message
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Polish government plans referendum asking if voters want ‘thousands of illegal immigrants’
Guardians' José Ramírez begins serving reduced suspension for fighting Tim Anderson
Mishmash of how US heat death are counted complicates efforts to keep people safe as Earth warms