Meanwhile over on Wall Street, Big Lots, the discount retailer, enjoyed a market-beating increase in its stock after changing its ticker from BLI to BIG. According to the FT, academic research shows that stocks whose tickers can be pronounced as a word beat stocks with unpronounceable tickers by a statistically significant margin. As the FT suggests, perhaps that’s why an agribusiness exchange traded fund chose the ticker MOO!
Just goes to show, a good renaming can go a long long way.
Enjoy the sunshine
Nick
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Nick Hanson
ampers& limited
t: +44 (0)20 7379 5869
f: +44 (0)20 7379 5875
www.wherewordswork.com
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