What is the stock market symbol?
Every publicly traded stock and mutual fund has a symbol known for one and five letters. This is its symbol on the stock market or symbol Ticker. It serves as a universal identifier as well as a convenient shortcut to record price movements and transactions. The stock market symbol can be considered equivalent to the symbol of the element in the periodic table. In the United States, symbols on the stock market consist only of letters, with occasional periods before the last letter, for example in the symbol Brk.b, indicating the share of class B Berkshire Hathaway, incl. For example, most Nasdaq stocks have four or five letters, while most of those on the New York Stock Exchange (NYSE) have three letters. NYSE TICKER symbols can also be two letters or just one.
Symbols of the single stock market are to some extent sought after, publicly traded companies because they provide unique ease of recognition. AT&T is one of the oldest companies traded on NYSE and JE well -known by its symbol, the letter T. When AT&T bought SBC, the latter company took over the name AT&T and also insisted on maintaining the symbol of the single stock market because it was so well recognized.
In a practical point of view, the company's company symbol is used primarily for writing orders and selling orders as well as to obtain information about the company and its shares. A lot of information often communicates a letter "behind the dot" in symbols of stocks traded on and Nasdaq. For example, a symbol that ends ". A" .Q "Attachment is currently indicated by the company in bankruptcy and" .x "ending with a mutual fund.
Symbols on the US stock market consist only of letters, but many worldwide symbols are alphanumeric. The purpose is to facilitate international trading in shares. For example, a company traded in the Middle East or Eastern andSIE may want to have a symbol that western traders can understand. The symbol consisting of numbers will be much easier to understand western than the characters or a non -rattin script.