When reading the Wall Street Journal or the business section in a newspaper all the stocks symbols are displayed but none explains what they mean.
2006-06-21 04:28:43 · 3 answers · asked by gomets 1 in Business & Finance ➔ Investing
The previous posters are correct, but I don't think they understood your question. The abbreviations, like MSFT for Microsoft are called "symbols", but I suspect you're referring to the other symbols. These indicate how a given stock is performing.
Here's a link that explains it pretty well.
http://www.esource-news.com/index.php/m/articles/id/22
2006-06-21 06:43:30 · answer #1 · answered by Mantis 6 · 0⤊ 0⤋
Every company gets to choose the stock symbol when filing for IPO. Stock symbols generally represent the abbreviated version of the company name recognizable to casual investors. Therefore
YHOO = Yahoo!
GOOG = Google
MSFT = Microsoft
Quite a few companies use stock symbols to represent what they do, or trying to be cute in their selection of stock symbols. Examples include MPPP (a company named MP3.com is not on stock exchange anymore), LIFE, etc.
A one-letter stock symbol generally represents the company's dominant role in its industry (examples: C, T)
2006-06-21 11:33:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Symbol represents the company and it's stock you will
be trading
Sam
www.hitechcompanylinks.com
2006-06-21 11:47:00 · answer #3 · answered by sam 1 · 0⤊ 0⤋