Current:Home > ScamsStock symbols you'll LUV. Clever tickers help companies attract investors. -LegacyCapital
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-19 20:47:48
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! (91)
Related
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Death Grips reportedly quits show after being hit by glowsticks: 'Bands are not robots'
- Natalie Sanandaji of Long Island describes escaping Israeli dance festival during Hamas attack: We heard the first gunshots
- Inbox cluttered with spam? Here's how to (safely) unsubscribe from emails
- DoorDash steps up driver ID checks after traffic safety complaints
- What did Michael Penix Jr. do when Washington was down vs. Oregon? Rapped about a comeback
- DeSantis touts Florida's Israel evacuation that likely would've happened without his help
- Prosecutors seek to recharge Alec Baldwin in 'Rust' shooting after 'additional facts' emerge
- Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
- China’s economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Real-Life Cinderella Leaves Shoe at Prince Christian of Denmark’s 18th Birthday
- Amid Israel-Hamas war, Muslim and Arab Americans fear rise in hate crimes
- Former Wisconsin Senate clerk resigned amid sexual misconduct investigation, report shows
- Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
- Vanderpump Rules' Jax Taylor Has a Special Invitation for Taylor Swift and Travis Kelce
- Nicole Avant says she found inspiration in mother's final text message before her death: I don't believe in coincidences
- Natural History Museum vows better stewardship of human bones
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Jeffrey Epstein survivor who testified against Ghislaine Maxwell dies in Florida
Martin Scorsese's Killers of the Flower Moon: A true story of love and evil
New Orleans district attorney and his mother were carjacked, his office says
Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
Jeannie Mai's Estranged Husband Jeezy Details His 8-Year Battle With Depression
Lower house of Russian parliament votes to revoke ratification of global nuclear test ban
Biden to visit Israel Wednesday in show of support after Hamas attack, Blinken announces