Did you know this about Preferred stocks?

Preferred Ticker Symbols & Security Names


Preferred stock ticker symbols are confusing - to everyone. There is no single system of ticker symbols in use for preferred stocks. The correct ticker symbol for a preferred stock depends on whose information you are accessing. The NYSE preferred ticker symbol format often used to refer to preferred and income securities is the xxxPRx, xxPRx, xPRx, xxPR, etc. format where the x's represent any letter. The basic problem with this NYSE ticker symbol system is that it is incompatible with the Nasdaq ticker system where symbols in the xxPRx, xPRx, xxPR formats are not preferred stocks. Therefore a single ticker symbol system incorporating the NYSE symbol system can not be used as a universal system for anyone listing both NYSE and Nasdaq preferred securities. The system even precludes any fancy programming to identify preferreds without requiring the input of the stock exchange in conjunction with the ticker symbol.

One further problem with preferred ticker symbols is that various information sources will throw in spaces in the symbols when they refer to an income security's ticker symbol. For example, you will see a xxxPRx ticker symbol referred to as xxx PR x, xxx PRx, etc. This type of reference can come from the company issuing the security, from the financial media (especially general newspapers), and even from the stock exchanges themselves. Those spaces may be fine for people but computers have no sense of humor at all concerning them and the computer just doesn't find the security you want when you add spaces to the ticker symbol.

As a result of the above, there are a considerable variety of preferred ticker symbols in use. The NYSE uses ticker symbols in the form of xxxPRx for preferred stocks.
Comment: Doesn't work for CHSCO of CHS Inc.

For a full list of the 820 preferred stocks are all known preferred stocks trading on the major stock exchanges plus most of the preferred stocks trading on the OTCBB, Pink Sheets and Other OTC markets, register and log onto quantumonline.com

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