Z

DEFINITION of '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 trading, where it indicated a delivery month of December until new options symbology was introduced in 2010. Z is also the ticker symbol for the home valuation website Zillow.

BREAKING DOWN 'Z'

Z is known as a fifth-letter identifier because Nasdaq-listed securities historically had only four characters. If a fifth letter appeared, it identified the issue as being different than a single issue of common stock or capital stock. Since 2007, Nasdaq-listed stocks may have as little as one letter in their ticker symbols. Other examples of fifth-letter identifiers are A or B for class A or class B shares, D for new issues and K for non-voting shares. Each letter of the alphabet has a specific Nasdaq meaning.

RELATED TERMS
  1. A

    A Nasdaq stock symbol specifying that the stocks are Class "A" ...
  2. D

    A Nasdaq stock symbol specifying that the stock is a new issue. ...
  3. B

    A Nasdaq stock symbol specifying that the stock is Class B shares ...
  4. T

    A Nasdaq stock symbol specifying that the stock has warrants ...
  5. F

    A Nasdaq stock symbol specifying that the stock is a foreign ...
  6. L

    The fifth character added to a stock symbol listed on the Nasdaq ...
Related Articles
  1. Trading

    Keeping Securities Clear With Ticker Symbols

    A ticker symbol is a group of characters that represent a specific, publicly traded security that’s listed on an exchange.
  2. Markets

    Translating Ticker Talk

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

    Simulator How-To Guide: Ticker Symbol Look Up

    As you noticed while you were buying shares of Wal-Mart, all brokerages (simulated or not) require you to input the company's stock symbol to place any trade. In fact, all stock exchanges employ ...
  4. Investing

    Understanding The 2010 Options Symbology

    There is a wealth of information in the expanded option symbols, but they should make things easier for traders.
  5. Investing

    Understanding The Ticker Tape

    We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
  6. Financial Advisor

    Jay Z: Most Influential Quotes

    "We change people through conversation, not through censorship.” Jay Z on the profanity in hip hop lyrics, and how society should view them. “It's always been most important for me ...
  7. Financial Advisor

    Jay Z: Success Story

    Despite connections in the hip-hop community and having been featured on Big Daddy Kane album, Jay Z couldn’t find a major label to take a chance on him in 1995. So the rapper, then 26, ...
  8. Financial Advisor

    Jay Z: Early Life and Education

    Shawn Carter, now known as Jay Z, was born in December of 1969 in Brooklyn, New York, and was raised in a housing project in the borough’s Bedford-Stuyvesant neighborhood.
  9. Markets

    Zillow Splits Its Stock, What Now for Investors? (ZG)

    Shares of Zillow Group (NASDAQ: Z) (NASDAQ: ZG) split last week, fulfilling the promise the real estate portal made in July to create new classes of shares that gives it access to new revenues ...
  10. Financial Advisor

    Jay Z: Introduction

    Jay Z, born Shawn Corey Carter in late 1969, is an American entrepreneur, investor, music producer and rapper with a net worth of roughly $550 million as of 2015. With more than 100 million records ...
RELATED FAQS
  1. 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 ... Read Answer >>
  2. Why did my stock's ticker symbol change?

    When a ticker symbol changes it's usually not a good sign. Tickers of publicly traded companies generally only change for ... Read Answer >>
  3. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  4. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  5. Why do all mutual fund tickers have an X at the end?

    It's true that all mutual funds' tickers have an X at the end of their symbol. The reason for this is to distinguish between ... Read Answer >>
  6. What do all of the letters in a stock option ticker symbol mean?

    The option ticker explains four main things about the option: the underlying stock, whether it is a call or a put option, ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center