Fifth-Letter Identifier

AAA

DEFINITION of 'Fifth-Letter Identifier'

An additional letter added onto four-letter ticker symbols to signify to market participants that there is additional information about a specific company's stock. Also known as fifth-letter codes, this applies to stocks listed on the Nasdaq and Over-The-Counter Bulletin Board (OTCBB). There are several different fifth-letter identifiers, ranging from A to Z, and each letter represents something different.

INVESTOPEDIA EXPLAINS 'Fifth-Letter Identifier'

For example, Microsoft trades under the ticker MSFT on the Nasdaq. A fifth-letter identifier could be "A," which would change the full ticker symbol to MSFT.A. The fifth-letter identifier "A" represents Microsoft class A shares. The most common fifth-letter identifiers are: "A" for class A shares, "B" for class B shares, "D" for new issue, "J" for voting, "Q" for bankruptcy and "R" for rights.

RELATED TERMS
  1. Ticker Tape

    A computerized device that relays financial information to investors ...
  2. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  3. Tape Reading

    An old investing technique used by day traders to analyze the ...
  4. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  5. L

    The fifth character added to a stock symbol listed on the Nasdaq ...
  6. Over-The-Counter Bulletin Board ...

    A regulated electronic trading service offered by the National ...
Related Articles
  1. Investing Basics

    Understanding The Ticker Tape

    We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
  2. Options & Futures

    Translating Ticker Talk

    Stock tickers can say a lot about a company in just a few letters. Find out how to read them.
  3. Investing

    What are the fifth-letter identifiers on the Nasdaq?

    All of the companies traded on the Nasdaq have four-lettered tickers, which are representative of the actual company. For example, the ticker symbol for Nasdaq-traded Microsoft is MSFT. However, ...
  4. Fundamental Analysis

    What are the components of shareholders' equity?

    Understanding company valuation figures, such as shareholders' equity, can be a powerful tool in assessing the financial strength of a business.
  5. Bonds & Fixed Income

    What is the difference between the yield of stock and the yield of a bond?

    Explore and understand the various meanings of the investment term "yield" as it is applied to equity investments and bond investments.
  6. Bonds & Fixed Income

    Why are bond yields calculated in terms of basis points?

    Find out why financial analysts and publications track and quote bond yields in basis points, or bps, rather than simply stating percentages.
  7. Investing Basics

    What is the Stock Market?

    A stock market is where shares in corporations are issued and traded. Stock markets are key components of a free market economy.
  8. Investing

    Commercial Paper

    Commercial paper is a short-term debt security issued by financial companies and large corporations. The corporation promises the buyer a return, or profit, for making the loan. The return is ...
  9. Investing Basics

    What is the difference between a company's outstanding shares and its float?

    Understanding share counts, including outstanding shares relative to float, is an integral part of determining whether or not to invest in a particular company.
  10. Investing Basics

    What is the difference between authorized shares and outstanding shares?

    Calculating financial ratios can help investors understand a company's financial position, but only when a knowledge of various terms is at the foundation.

You May Also Like

Hot Definitions
  1. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  2. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  3. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  4. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  5. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
  6. Bank Guarantee

    A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor ...
Trading Center