Z
What is 'Z' A Nasdaq stock symbol specifying that the stock is a miscellaneous entity, such as a depositary receipt, stub, additional warrant or unit. When a stock has a Z after its ticker symbol, investors must do further research to determine why the letter has been added. However, Z historically had a different meaning in futures...
M
What is 'M' The fifth letter of a Nasdaq stock symbol that specifies the issue is the firm's fourth class of preferred shares. Securities that are listed on the Nasdaq exchange have four or five letters. When a fifth letter appears, it identifies the issue as being one that is other than a single issue of...
Y
What is 'Y' A letter that appears on a Nasdaq stock symbol specifying that a particular stock is an American Depositary Receipt. An American Depositary Receipt (ADR) is a negotiable certificate that represents one or more shares of foreign stock or a fraction of a share. ADRs are traded on a U.S. exchange and are issued by...
Daily Cut-Off
What is 'Daily Cut-Off' In the forex market, a particular point in time specified by a forex dealer to stand as the end of the current trading day and the beginning of a new trading day. This is done for primarily administrative and logistical reasons, because although the forex market trades 24 hours a day, the market...
N
What is 'N' A Nasdaq stock symbol specifying that it is the company's third class of preferred shares. The N in the stock quote will be the fifth letter in the string, thus identifying that the share is not a common share, but rather a preferred share of the third class. On the Nasdaq exchange, N specifically...
NASDAQ OMX 100 Index
What is 'NASDAQ OMX 100 Index' A market-capitalization weighted index made up of the 100 largest companies listed on the NASDAQ OMX group exchanges in the United States and the Nordic countries. This index tracks large growth stocks across a broad range of sectors, with the Nasdaq's emphasis on innovation, technology, growth and globalization. Explaining...
E. Linn Draper Jr.
What is 'E. Linn Draper Jr.' A former chairman, CEO and president of Ohio-based public utility holding company American Electric Power Company. He became the company's leader just as energy deregulation took place, and he led a merger with another major public utility holding company (Central & South West Corp.), reassured investors of the company's strength in...
P
What is 'P' A symbol that, when used as the fifth letter in a ticker symbol, indicates that a security is a first preferred issue. Called a fifth-letter identifier, "P" and most other letters of the alphabet, can be used to indicate that a security is not common stock, but has a special characteristic. Other examples of...
Q
What is 'Q' A Nasdaq stock symbol specifying that a particular stock is in bankruptcy proceedings. Explaining 'Q' Nasdaq-listed securities have four or five characters. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock. Further Reading Economics and finance: q-statistical...