Current:Home > NewsStock symbols you'll LUV. Clever tickers help companies attract investors. -Quantum Finance Bridge
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-16 19:40:12
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! (79)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Swapping one food for another can help lower your household's carbon emissions, study shows
- Florida coach Billy Napier talks Jaden Rashada lawsuit and why he is 'comfortable' with actions
- Daria Kasatkina, the world's bravest tennis player
- Sonya Massey's father decries possible release of former deputy charged with her death
- A `gustnado’ churns across a Michigan lake. Experts say these small whirlwinds rarely cause damage
- 7 people hospitalized, 1 unaccounted for after building explosion in Youngstown, Ohio
- Why Gypsy Rose Blanchard Doesn't Want to Be Treated Like a Celebrity
- Trump's 'stop
- Kendall Jenner and Ex Bad Bunny’s Reunion Is Heating Up in Miami
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Melinda French Gates announces $1 billion donation to support women and families, including reproductive rights
- Mike Tyson said he feels '100%' after receiving medical care for 'ulcer flare-up'
- Natural gas explosion damages building in Ohio city, no word yet on injuries
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Richard Dreyfuss accused of going on 'offensive' rant during 'Jaws' screening: 'Disgusting'
- AJ McLean Reveals Taylor Swift’s Sweet Encounter With His Daughter
- Rick Carlisle shares story about how Bill Walton secured all-access Grateful Dead passes
Recommendation
The company planning a successor to Concorde makes its first supersonic test
When is the 'Star Trek: Discovery' Season 5 finale? Release date, cast, where to watch
Farmers must kill 4.2 million chickens after bird flu hits Iowa egg farm
You Need to Hear Kelly Ripa’s Daughter Lola Consuelos Cover Sabrina Carpenter’s “Espresso”
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Supreme Court declines to review conviction of disgraced attorney Michael Avenatti in Nike extortion case
Indianapolis officer fatally shoots suspect in armed carjacking after suspect reaches for something
Three people shot to death in tiny South Dakota town; former mayor charged