Have you ever wanted to know whether a stock traded on the NASDAQ or New York Stock Exchange? There’s a simple way to determine which exchange a stock trades on. While it’s not always correct, more often than not you can tell which exchange a stock belongs to by looking at its ticker symbol. Tom discusses that in this week’s Mullooly Asset Management video.
If a stock symbol has three letters or fewer it is most likely a member of the New York Stock Exchange. If a stock has four letters or more it is most likely a member of the NASDAQ. Additionally, mutual funds will have 5 letters in their symbol and the last one will be an x. Like we mentioned previously, these aren’t always correct. More often than not, this will help you correctly analyze whether a stock is traded on the NYSE or NASDAQ.