Current:Home > ContactStock symbols you'll LUV. Clever tickers help companies attract investors. -WealthRise Academy
Stock symbols you'll LUV. Clever tickers help companies attract investors.
View
Date:2025-04-13 08:12:39
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! (6229)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Why Team USA hurdler Freddie Crittenden jogged through a preliminary heat at the Olympics
- National White Wine Day: Cute Wine Glasses & More To Celebrate
- Too late for flood insurance? How to get ready for a looming tropical storm
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Georgia tops preseason USA Today Coaches Poll; Ohio State picked second
- WWE champions 2024: Who holds every title in WWE, NXT after SummerSlam 2024
- Olympic track highlights: Noah Lyles is World's Fastest Man in 100 meters photo finish
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Noah Lyles wins Olympic 100 by five-thousandths of a second, among closest finishes in Games history
Ranking
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Simone Biles, Suni Lee on silent Olympic beam final: 'It was really weird and awkward'
- This preschool in Alaska changed lives for parents and kids alike. Why did it have to close?
- WWE champions 2024: Who holds every title in WWE, NXT after SummerSlam 2024
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Charli XCX and Lorde spotted at 'Brat' singer's birthday party after rumored feud
- USA women's basketball roster, schedule for Paris Olympics: Team goes for 8th-straight gold
- National White Wine Day: Cute Wine Glasses & More To Celebrate
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Christina Hall Takes a Much Needed Girls Trip Amid Josh Hall Divorce
Amazon: Shoppers are distracted by big news events, like assassination attempt
Simone Biles, Suni Lee on silent Olympic beam final: 'It was really weird and awkward'
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Canada looks to centuries-old indigenous use of fire to combat out-of-control wildfires
Olympic medals today: What is the medal count at 2024 Paris Games on Monday?
Ryan Gosling and Eva Mendes Make Rare Appearance at 2024 Paris Olympics