Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Tweeter to change stock symbol to avoid confusion with Twitter

Canadian Press, The Canadian Press
0 Comments| October 8, 2013


NEW YORK – Tweeter (OTO:TWTRQ, Stock Forum) is not Twitter. And it's changing its stock symbol to avoid any confusion.
 
The bankrupt electronics retailer's new ticker symbol is “THEGQ.” Its old symbol was “TWTRQ.”
 
That was apparently too similar to “TWTR,” the symbol proposed by Twitter on Thursday when it filed plans for an initial public offering.
 
Some confused investors sent Tweeter's stock up as much as 800 per cent on Friday.
 
The Financial Industry Regulatory Authority, Wall Street's industry regulator, halted trading of Tweeter's stock Friday afternoon. The over-the-counter stock resumed trading with the new stock symbol Tuesday.
 
Tweeter's stock is down 71 per cent to 2 cents in afternoon trading.
 
Twitter's stock, meanwhile, won't be available for trading until the company actually goes public. That could be before Thanksgiving.


Rate this article
0 stars
v
Usefulness

Clarity

Credibility

Comments

No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.