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Stock Symbol - A stock symbol is a tinker symbol. The stock symbols are the letters that represent the company issuing the stock. These symbols are mnemonic to clearly identify the company. The use of mnemonics is a proven system, which enhances the ability to remember the company in question and any other situation in life. Companies often use acronyms for their company name to make it easier to remember and to use as their stock symbol. These symbols can be made of letters or letters and numbers. Companies may also use a ticker, which is the term used in the USA, for a very well known product that they offer. For example, Walgreens uses the acronym WAG, while Anheuser-Busch uses BUD, since everyone is familiar with Budweiser beer. |
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