Day Trading Stock Symbols – How To Decipher The Cryptic Day Trading Stock Symbols!

By Abhishek Agarwal

stock market symbol

Ticking symbols refer to the letter system which are representative of the stocks. The tick symbol of a mutual fund is composed of five letters that end with an “X”. Stock symbols which are listed on the NYSE or AMEX exchanges consist of three bills of exchange, while the Nasdaq uses four letters. M preferred shares of the fourth class, N the preferred shares of the third class, O on preferred shares of the second class, P denotes preferred shares of the first class, the bankruptcy proceedings Q, R designates rights, S shares of beneficial interest denotes rights or warrants, mutual fund X, Y denotes ADR also known as American Depository Receipt, with Z for various miscellany situations.

Some stock symbols seem funny to some of us. As likes stocks, stocks MORE.BO make you sweat, MRB.SN company is need for a BS_er what is good, MRFIX adding portfolio of the fund during breaks, PNSEX mutual funds strange golden shower, RATL toy manufacturer baby SRRY apologies to the stocks invested, URI multiple personalities stock WMNXX money market funds favorite by playboys and WSob stocks are becoming hot like sushi.

Finding Stock Symbols Made Easy

By Adam Hefner

You’ve decided to explore the exciting world of trading stocks. Let us start off with the basics by first discussing finding stock symbols.

There are many variations, but most commonly a stock symbol has either three or four letters. Those with three letters typically trade on the New York Stock Exchange (NYSE). Many large NYSE stocks have been commonly referred to as “blue chip stocks” signifying the highest quality.

Stocks with symbols containing four letters typically trade on what is called the NASDAQ. This exchange mostly exists in cyberspace. NASDAQ traded stocks can also be large multinationals, or they can range down to the tiniest of “microcap” stocks. There is a very large universe of stocks to select from. The first step is to figure out the symbol which represents it. Keep in mind, some stocks can have multiple symbols for different classes of stock. Go to a few sites, pick a few companies and see if you can find the right stock symbol.

Read about Stock Value

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