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- Actual EPS, CPS, or DPS
- This is the reported annual Earnings Per Share (EPS -Trailing 12 months), cash
flow (CPS) or Dividends Per Share (DPS) for a company for the fiscal
year indicated. For companies which report on a quarterly basis,
this information will contain the sum of the actual earnings, cash
flow or dividends for the previous four quarters. For companies that
report semi-annually, the field will contain the sum of the previous
two semi-annual actuals.
- American Depositary Receipt (ADR)
- This is a security, created by a U.S. bank, that evidences ownership to a
specified number of shares of a foreign security held in a
depositary in the issuing company's country of domicile. The
certificate, transfer, and settlement practices for ADRs are
identical to those for U.S. securities. U.S. investors often prefer
ADRs to direct purchase of foreign shares because of the ready
availability of price information, lower transaction costs, and
timely dividend distribution.
- AMEX
- The American Stock Exchange
- AMEX Composite - XAX
- The American Stock
Exchange introduced a new AMEX Composite Index with a new ticker
symbol, XAX, on January 2, 1997. The XAX is a market
capitalization-weighted, price appreciation index, and replaces the
AMEX Market Value Index (XAM) which, since its inception, has been
calculated on a "total return basis" to include the
reinvestment of dividends paid by AMEX companies. The new AMEX
Composite Index is more comparable with other major indexes, which
reflect only the price appreciation of their respective components.
- Analyst
- This is a person with expertise in evaluating financial investments; he or
she performs investment research and makes recommendations to
institutional and retail investors to buy, sell, or hold; most
analysts specialize in a single industry or business sector.
- Ask
- This is the price at which someone who owns a security offers to sell it;
also known as the asked price. (See also "Best
Ask".)
- Assets
- These are any possessions that has value in an exchange.
- Average Daily Share Volume
- This is the number of shares traded per day, averaged over a period of
time, usually one year.
- Average Maturity
- This is the average time to maturity of securities held by a mutual fund.
Changes in interest rates have greater impact on funds with longer
average life.
- Beginning Net Asset Value
- This is the market value of a fund share on a predetermined start date.
- Best Ask
- This is the price at which someone who owns a security offers to sell it;
also known as the asked price. Please note that the New York Stock
Exchange and the American Stock Exchange do not provide Ask
information on a delayed basis. (See also "Ask".)
- Best Bid
- This is the price a prospective buyer is prepared to pay at a particular
time for trading a unit of a given security. Please note that the
New York Stock Exchange and the American Stock Exchange do not
provide Bid information on a delayed basis. (See also "Bid".)
- Beta
- This is a measure of the volatility of a stock relative to the overall
market. A beta of less than one indicates lower risk than the
market; a beta of more than one indicates higher risk than the
market. Nasdaq.com uses the S&P 500 as the underlying index to
measure the overall market for beta.
- Bid
- This is the price a prospective buyer is prepared to pay at a particular
time for trading a unit of a given security. (See also "Best
Bid".)
- Capital Gains Distribution
- These are the payments to mutual fund shareholders of profits from the sale of
securities in a fund's portfolio. Capital gains distributions (if
any) are usually made annually.
- Consensus Rating
- This is the average of analysts recommendations for a single entity. As
many brokers have different ratings systems, their recommendations
must be standardized so that a consensus can be calculated. The
I/B/E/S ratings are calculated using a standard set of
recommendations, maintained by I/B/E/S, each with an assigned
numeric value:
1. Strong Buy
2. Buy
3. Hold
4. Under perform
5. Sell
Each recommendation received from the analysts is mapped to one of
the I/B/E/S standard ratings. Assigning a numeric value to the
broker text enables I/B/E/S to calculate a consensus recommendation.
This consensus recommendation appears as the mean (average) of the
assigned values.
- Date of Record
- This is the date on which a shareholder must officially own shares in
order to be entitled to a dividend.
- Days to Cover
- This is calculated as the aggregate short interest for the month divided
by the average daily share volume traded for the period between
short interest settlement dates. If days to cover is between 0 and
1, it is rounded up to 1 on Nasdaq.com
- Debt to Equity Ratio
- This is the long-term debt divided by shareholders' equity, showing
relationship between long-term funds provided by creditors and funds
provided by shareholders; high ratio may indicate high risk, low
ratio may indicate low risk.
- Deleted
- This is a security which is no longer included in The Nasdaq Stock Market.
- Distribution Date
- This is the date on which the payout of realized capital gains on securities
in the fund portfolio occurred.
- Dividend
- This is the distribution of earnings to shareholders, prorated by the class of
security and paid in the form of money, stock, scrip, or, rarely,
company products or property. The amount is decided by the Board of
Directors and is usually paid quarterly. Mutual fund dividends are
paid out of income, usually on a quarterly basis from the fund's
investments.
- Dow Jones Industrial Average - DJIA
- This is a
price-weighted average of 30 actively traded blue chip stocks,
primarily industrials but including American Express Co. and
American Telephone and Telegraph Co. Prepared and published by Dow
Jones & co., it is the oldest and most widely quoted of all the
market indicators. The components, which change from time to time,
represent between 15% and 20% of the market value of NYSE stocks.
The DJIA is calculated by adding the closing prices of the component
stocks and using a divisor that is adjusted for splits and stock
dividends equal to 10% or more of the market value of an issue as
well as substitutions and mergers. The average is quoted in points,
not in dollars.
- EBITDA
- This is the earnings before interest, taxes, depreciation, and amortization.
- Effective Annualized Seven-Day Yield
- This is the yield for 7 day period including the day reported, calculated by
adding 1 to the base period return used in calculating the standard
7 day yield raising the total to the power of 365 divided by 7 and
subtracting 1 ( To be reported on Wednesday only).
- Earnings Per Share (EPS)
- Known as EPS, these EPS represent the portion of a company's profit allocated to each
outstanding share of common stock. Net income (reported or
estimated) for a period of time is divided by the total number of
shares outstanding (TSO) during that period;
See growth rate measures for EPS.
- EDGAR - Electronic Data Gathering, Analysis, and Retrieval
- This is the electronic system implemented by the SEC that is used by
companies to transmit all documents required to be filed with the
SEC in relation to corporate offerings and ongoing disclosure
obligations. EDGAR became fully operational mid-1995.
- Ending Net Asset Value
- This is the market value of a fund share on a predetermined end date.
- Ex-dividend
- This is the Interval between the announcement and the payment of the next
dividend.
- Ex-dividend Date
- This the date on or after which a security begins trading without the
dividend (cash or stock) included in the contract price.
- Family of Funds
- This is the group of mutual funds managed by the same investment management
company. Each fund typically has a different objective; one may be a
growth-oriented stock fund, whereas another may be a bond fund or
money market fund. Shareholders in one of the funds can usually
switch their money into any of the family's other funds, sometimes
at no charge. Family of funds with no sales charges are called no
load families. When there are sales charges these are called load families.
- Fiscal Periods
- Since not all companies have the same fiscal year end, we, in
cooperation with I/B/E/S, use FY1, FY2, etc., to identify unique
fiscal periods for forecast data. For comparison purposes, I/B/E/S
rounds off the quarter end dates to the nearest month end.
The following is a description of how this labeling works:
FY = fiscal year
Q = quarter
SAN = semiannual
The most recently reported earnings number is denoted with a zero
(0). Then, the first estimate year is denoted with a one (1), the
year after that, a two (2), and so on. So, as an example, if FY0
corresponds to the December 96 year end reported, then FY1 data
refers to estimates for December 97, FY2 refers to estimates for the
December 98 year end, and so on. Use the same conventions for
interim periods (quarter and semiannual).
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- Footnote A
- This is used if the fund's return to shareholders may differ due to
capital gains or losses. This footnote applied to money market funds
only.
- Footnote B
- This is used if there are any sales charges or account charges which
impact yield. This footnote applies to money market funds only.
- Footnote C
- This is used when the Return of Capital information is being submitted for the year in
the Capital Gains Distribution field.
- Footnote D
- This is used on any day that a mutual fund's net asset value is
reduced by a capital gains distribution.
- Footnote F
- This is used by any type of fund that reports quotations as of the
day prior to the day of reporting.
- Footnote G
- This is used if the fund's capital gains figure includes short term
gains.
- Footnote N
- This is used by mutual funds when the fund does not have a sales
load, i.e. there is no front-end and no contingent deferred sales
load.
- Footnote P
- This is used by mutual funds if the fund has adopted a rule 12(b)1
distribution plan under which a specific charge is made against the
net assets of the fund.
- Footnote R
- This is used by mutual funds with redemption fees, contingent
deferred sales charges, or other charges deducted from net asset
value upon redemption (other than charges for special services such
as wire transfer).
- Footnote S
- This is used on the ex-date for stock splits or stock dividends.
- Footnote T
- This is used if the fund began reporting prices to Nasdaq during the
current year (in this case 1999).
- Footnote X
- This is used by mutual funds on any day a fund goes ex-dividend.
- Foreign
- This is a non U.S. company with securities trading on The Nasdaq Stock
Market.
- Gold - GOX
- This is an equal-dollar-weighted
index composed of 10 companies involved primarily in gold mining and
production. The index is re-balanced after the close of business on
expiration Friday on the March quarterly cycle.
- Growth Rate Measures for EPS
- Current year/last year % growth shows the percent change between
the current year's Forecasted mean EPS estimate and the last
reported actual EPS
- Next year/current year % growth shows the percent change between
next year's forecasted mean EPS estimate and the current year's
forecasted mean estimate
- Historical EPS growth % (historical 5 year
growth) shows the
average annual EPS growth for the company over the past five years
- 5 year growth median is the median annual growth forecast over
the next five years
- 12 Month Forward % Growth is the projected growth in the
company's EPS over the next 12 months (PEG Ratio)
- Held
- This is a situation where a security is temporarily not available for
trading ( Market Makers are not allowed to display quotes).
- Inside Market
- This the highest bid and the lowest offer prices among all competing
Market Makers in a Nasdaq security; ( the best bid and offer
prices).
- IPO Date (Initial Public
Offering)
- This is the date that the security started publicly trading.
- Last Sale Reporting
- This is the electronic entry by NASD Members to The Nasdaq Stock Market of
the price and the number of shares involved in a transaction in a
Nasdaq security. The trade reported must be submitted to Nasdaq with
90 seconds of the execution of the trade.
- Limit Order
- This is an order to buy or sell a stock at a customer
specified price.
- Load Fund
- This is a Mutual Fund that is sold for a sales charge by a brokerage firm or
other sales representative. Such funds may be stock, bond or
commodity funds, with conservative or aggressive objectives.
- Long Term Gain
- This is the gain on the sale of a capital asset where the holding period was
six months or more and the profit was subject to the long term
capital gains tax.
- Management's Discussion and Analysis (MD&A)
- This is a key area looked at by analysts; an interpretive section of the
prospectus and of the annual report, frequently called the Financial
Review.
- Market Capitalization (MCAP)
- This is the price per share multiplied by the total number of shares
outstanding; also the market's total valuation of a public company.
- Market Category
- This is the market it trades on, either Nasdaq National Market(NNM) or
Nasdaq SmallCap Market (SCM).
- Market Close Date
- This is the date on which the closing Net Asset Value (NAV) was last
calculated.
- Market Makers
- This is the NASD member firms that use their own capital, research, retail
and/or systems resources to represent a stock and compete with each
other to buy and sell the stocks they represent. There are over 500
member firms that act as Nasdaq Market Makers. One of the major
differences between The Nasdaq Stock Market and other major markets
in the U.S. is Nasdaq's structure of competing Market Makers. Each
Market Maker competes for customer order flow by displaying buy and
sell quotations for a guaranteed number of shares. Once an order is
received, the Market Maker will immediately purchase for or sell
from its own inventory, or seek the other side of the trade until it
is executed, often in a matter of seconds.
- Market Maker Spread
- This is the difference between the price at which a Market Maker is
willing to buy a security and the price at which the firm is willing
to sell it i.e., the difference between a Market Maker's bid and ask
for a given security. Since each Market Maker positions itself to
either buy or sell inventory at any given time, each individual
Market Maker spread is not indicative of the market as a whole. (See
also "Inside Market".)
- Market Order
- This is an order to buy or sell a stock at the market's
current best displayed price.
- Market Surveillance
- This is the department responsible for investigating and preventing
abusive, manipulative, or illegal trading practices on The Nasdaq
Stock Market. Considerable resources are devoted to surveillance of The
Nasdaq Stock Market. A vast array of sophisticated automated systems
reviews each trade and price quotation on an on-line, real-time
basis. Off-line computer-based analyses are conducted to evaluate
trading patterns on a monthly, weekly and daily basis.
Whenever any of these automated systems indicate unusual price or
volume in a stock, Nasdaq Market Surveillance analysts determine if
this was the result of legitimate market forces or perhaps a
violation of rules. Among other things, analysts review press
releases, review historical trading activity, interview brokers,
Market Makers, and Nasdaq-listed company officials. Market
Surveillance continues its inquiries until unusual movements are
adequately explained.
If legitimate market forces were at work the case is closed
without action. If it appears rule violations have occurred, a
disciplinary action is initiated. Where corporate insiders or
members of the investing public are involved in a potential
violation, the case will be referred to the SEC.
- Market Value
- This is the market price; the price at which buyers and sellers trade
similar items in an open marketplace. The current market price of a
security as indicated by the latest trade recorded.
- Maturity Date
- This is the date on which the principal amount of a bond is to be paid in
full.
- Material News
- This is the press released by a Nasdaq company that might reasonably be
expected to affect the value of a company's securities or influence
investors decisions. Material news includes information regarding
corporate events of an unusual and non-recurring nature, news of
tender offers, unusually good or bad earnings reports, and a stock
split or stock dividend. (See also "Trading
Halt".)
- Mean
- This the mathematical average of a range of numbers (calculated by
dividing the sum total of all the items in the range by the total
number of items in the range).
- Median
- This is the middle number in a defined distribution; when looking at
estimates, median refers to the estimate above and below which lie
an equal number of estimates for the period indicated.
- Money Market Fund
- This is the Open-ended mutual fund that invests in commercial paper, banker's
acceptances, repurchase agreements, government securities,
certificates of deposit, and other highly liquid and safe
securities, and pays money market rates of interest. The fund's net
asset value remains a constant $1 a share, only the interest rate
goes up or down.
- Most Active
- These are the most active Nasdaq National Market stocks.
- Mutual Fund
- These are the funds operated by an investment company that raises money from
shareholders and invests it in stocks, bonds, options, commodities
or money market securities.
- Nasdaq Composite Index - Listed
Companies in this Index
- This measures all Nasdaq domestic and non-U.S.
based common stocks listed on The Nasdaq Stock Market. The Index is
market-value weighted. This means that each company's security
affects the Index in proportion to it's market value. The market
value, the last sale price multiplied by total shares outstanding,
is calculated throughout the trading day, and is related to the
total value of the Index.
The Nasdaq Composite includes over 5,000 companies, more
than most other stock market indexes. Because it is so broad-based,
the Composite is one of the most widely followed and quoted major
market indexes.
- Nasdaq International Ltd.
- This is a subsidiary of the NASD headquartered in London, England. Its
mission is to support NASD members in London, serve as a liaison to
international companies seeking to list securities on Nasdaq,
encourage foreign institutional participation in Nasdaq stocks, and
to heighten the international image of the NASD and its markets.
- Nasdaq International Service
- This is an extension to The Nasdaq Stock Market's trading systems that
allows early morning trading from 3:30 to 9:00 A.M. Eastern Standard
Time on each U.S. trading day. This Nasdaq service enables
participants to monitor trades during London market hours. NASD
members are eligible to participate in this session through their
U.S. trading facilities or through those of an approved U.K.
affiliate.
- Nasdaq National Market Securities
- Covering over 3,000 companies,The Nasdaq National Market
also covers companies that
have a national or international shareholder base, have applied for
listing, meet stringent financial requirements and agree to specific
corporate governance standards. To list initially, companies are
required to have significant net tangible assets or operating
income, a minimum public float of 500,000 shares, at least 400
shareholders, and a bid price of at least $5. The Nasdaq National
Market operates from 9:30 A.M. to 4:00 P.M. EST, with extended
trading in SelectNet from 8:00 A.M. to 9:30 A.M. EST and from 4:00
P.M. and 5:15 P.M. EST.
- Nasdaq SmallCap Market Securities
- This comprises of over 1,400 companies that
want the sponsorship of Market Makers, have applied for listing and
meet specific and financial requirements. Once a company is approved
and listed on this market, Market Makers are able to quote and trade
the company's securities through a sophisticated electronic trading
and surveillance system. The Nasdaq SmallCap Market operates from
9:30 A.M. to 4:00 P.M. EST., with extended trading in SelectNet from
8:00 A.M. to 9:30 A.M. EST and from between 4:00 P.M. and 5:15 P.M.
EST.
- Nasdaq-100 Index - List
Companies in this Index
- This includes 100 of the largest non-financial
domestic companies listed on the Nasdaq National Market tier of The
Nasdaq Stock Market. Launched in January 1985, each security in the
Index is proportionately represented by its market capitalization in
relation to the total market value of the Index.
This index reflects Nasdaq's largest growth companies across major
industry groups. All index components have a minimum market
capitalization of $500 million, and an average daily trading volume
of at least 100,000 shares.
The number of securities in the Nasdaq-100 index makes it an
effective vehicle for arbitrageurs and securities traders. In
October 1993, the Nasdaq-100 Index began trading on the Chicago
Board Options Exchange. On April 10, 1996 the Chicago
Mercantile Exchange began trading futures and futures options on
the Nasdaq-100 Index.
- National Association of Securities Dealers,
Inc. (NASD)
- This is a self-regulatory organization of the securities industry
responsible for the regulation of The Nasdaq Stock Market and the
over-the-counter markets. The NASD operates under the authority
granted it by the 1938 Maloney Act Amendment to the Securities
Exchange Act of 1934.
- Net Asset Value (NAV)
- This is the market value of a fund share, synonymous with a bid price. In
the case of no-load funds, the NAV, market price, and offering price
are all the same figure, which the public pays to buy shares; load
fund market or offer prices are quoted after adding the sales charge
to the net asset value. NAV is calculated by most funds after the
close of the exchanges each day by taking the closing market value
of all securities owned plus all other assets such as cash,
subtracting all liabilities, then dividing the result (total net
assets) by the total number of shares outstanding. The number of
shares outstanding can vary each day depending on the number of
purchases and redemptions.
- Net Change
- This represents the difference between today's last trade and the previous day's
last trade. The difference between today's closing Net Asset Value (NAV)
and the previous day's closing Net Asset Value (NAV).
- Net Income
- This is the income after all expenses and taxes have been deducted, and used
in calculating a variety of profitability and stock performance
measures.
- NYSE
- The New York Stock Exchange
- Number of Estimates (# of Est)
- This is the number of analysts included in the Mean EPS forecast.
- NYSE Composite Index - NYSE
- This is a market
value-weighted index which relates all NYSE stocks to an aggregate
market value as of Dec. 31, 1965, adjusted for capitalization
changes. The base value of the index is $50 and point changes are
expressed in dollars and cents.
- No Load Fund
- This is a Mutual Fund offered by an open end investment company that imposes
no sales charge (load) on its shareholders. Investors buy shares in
no-load funds directly from the fund companies, rather than through
a broker as is done in load funds. Many no-load fund families allow
switching of assets between stock, bond, and money market funds. The
listing of the price of a no-load fund in the newspaper is
accompanied by the designation NL. The net asset value, market price
and offer prices of this type of fund are exactly the same, since
there is no sales charge.
- No Quote (NQ)
- This is No Market Makers making an inside market at this time.
- Offer Price
- This is the price at which the shares were originally offered to the
public.
- Open Order
- This is an order to buy or sell a security that remains in effect until it
is either canceled by the customer or executed.
- P/B Ratio (Price/Book Ratio)
- This is a stock analysis statistic in which the price of a stock is
divided by the reported book value (as of the date specified) of the
issuing firm.
- P/C Ratio (Price/Cash Flow Ratio)
- This is a financial ratio that compares stock price with cash flow from
operations per outstanding shares.
- P/E Ratio (Price/Earnings Ratio)
- This is the stock analysis statistic in which the current price of a stock
(today's last sale price) is divided by the reported actual (or
sometimes projected, which would be forecast) earnings per share of
the issuing firm; it is also called the "multiple".
- P/S Ratio (Price/Sales Ratio)
- This is a financial ratio that compares stock price with sales per share
(or market value with total revenue).
- Penalty Bid
- This is a bid which may be entered by the managing underwriter or a member of
the underwriting group acting on its behalf, and is intended to
facilitate the offering by stabilizing the price of the security
during the distribution period. This activity is permissible under
SEC Rule 10b-7.
- Pre-Syndicate Bid
- This can be entered in the Nasdaq System to
stabilize the price of a Nasdaq security prior to the effective date
of a registered secondary offering. This activity is permissible
under SEC Rule 10b-7.
- Previous Day's Close
- This is the last reported trade. The Previous Day's
Close on the Nasdaq Web site is updated at 3:30 A.M.
- Principal Orders
- This is the activity by a broker/dealer when buying or selling for
its own account and risk.
- Quarterly Report (10 Q)
- This is a report, which public companies are required to file quarterly
with the SEC, that provides unaudited financial information and
other selected material.
- Real-time Trade Reporting
- This is the requirement imposed on Market Makers (and in some instances,
non-Market Makers) to report each trade immediately after completion
of the transaction. Stocks traded on The Nasdaq Stock Market are
subject to real-time trade reporting within 90 seconds of execution.
- Retained Earnings
- These are the net profits kept to accumulate in a business after dividends are
paid.
- Return of Capital
- This is the distribution of cash resulting from depreciation tax savings,
the sale of a capital asset or of securities in a portfolio, or any
other transaction unrelated to retained earnings.
- Return on Equity
- This is a measure of the net
income that a firm is able to earn as a percent of stockholders'
investment.
- Return on Total Assets
- This is a measure of the net
income that a firm's management is able to earn with the firm's
total assets.
- Securities and Exchange Commission (SEC)
- This is a federal agency created by the Securities Exchange Act of 1934
to administer that act and the Securities Act of 1933. The statutes
administered by the SEC are designed to promote full public
disclosure and protect the investing public against fraudulent and
manipulative practices in the securities markets. Generally, most
issues of securities offered in interstate commerce or through the
mails must be registered with the SEC.
- Settlement Date
- This is the date specified for delivery of securities between securities
firms, usually three business days after the execution of an order.
- Short Interest
- This is the total number of shares of a security that have been sold short
by customers and securities firms that have not been repurchased to
settle short positions in the market. (See also Short
Selling,Days to Cover, Settlement
Date, and Average Daily Share
Volume.)
- Short Selling
- This is the selling of a security that the seller does
not own, or any sale that is completed by the delivery of a security
borrowed by the seller. Short selling is a legitimate trading
strategy. Short sellers assume the risk that they will be able to
buy the stock at a more favorable price than the price at which they
sold short.
The Nasdaq Short Sale Rule prohibits NASD members from selling a
Nasdaq National Market stock at or below the inside best bid when
that price is lower than the previous inside best bid in that stock.
- Short Term Gain
- This is the profit realized from the sale of securities or other capital
assets held six months or less.
- SIC Code
- This is theStandard Industrial Classification (SIC) code. A numbering system
established by the Office of Management and Budget that identifies
companies by industry. It is used to promote the comparability of
economic statistics from various facets of the U.S. economy.
- Spread
- The spread for a company's stock is influenced
usually by three factors:
- Supply or "float" - the total number of shares
outstanding available to trade.
- Demand or interest in a stock.
- Total trading activity in the stock.
- Standard and Poor’s 500 - $SPX
- This is more formally known as the
S&P 500 Composite Stock Price Index, is a european style,
capitalization-weighted index (shares outstanding multiplied by
stock price) of 500 stocks that are traded on the New York Stock
Exchange, American Stock Exchange and Nasdaq National Market. The
advantage of "cap-weighting" is that each company's
influence on index performance is directly proportional to its
relative market value. It is this characteristic that makes the
S&P 500 such a valuable tool for measuring the performance of
actual portfolios.
- Stock Dividend
- This is the payment of a corporate dividend in the form of stock rather than
cash. The stock dividend may be additional shares in the company, or
it may be shares in a subsidiary being spun off to shareholders.
Stock dividends are often used to conserve cash needed to operate
the business. Unlike a cash dividend, stock dividend are not taxed
until sold.
- Stock Symbol
- This is the unique four- or five-letter symbol assigned to a Nasdaq
security. If a fifth letter appears, it identifies the issue as
other than a single issue of common stock or capital stock. A list
of fifth-letter identifiers and a description of what each
represents follows:
- A - Class A
- B - Class B
- C - Issuer qualifications exceptions*
- D - New
- E - Delinquent in required filings with the SEC
- F - Foreign
- G - First convertible bond
- H - Second convertible bond, same company
- I - Third convertible bond, same company
- J - Voting
- K - Nonvoting
- L - Miscellaneous situations, such as depositary receipts, stubs,
additional warrants, and units
- M - Fourth preferred, same company
- N - Third preferred, same company
- O - Second preferred, same company
- P - First preferred, same company
- Q - Bankruptcy Proceedings
- R - Rights
- S - Shares of beneficial interest
- T - With warrants or with rights
- U - Units
- V - When-issued and when distributed
- W - Warrants
- Y - ADR (American Depositary Receipt)
- Z - Miscellaneous situations such as depositary receipts, stubs,
additional warrants, and units.
- * The letter "C" as a fifth character in a security
symbol, indicates that the issuer has been granted a continuance in
Nasdaq under and exception to the qualification standards for a
limited period.
- Syndicate Bid
- This is entered in the Nasdaq System to stabilize
the price of a Nasdaq security prior to the effective date of a
registered secondary offering. This activity is permissible under
SEC Rule 10b-7.
- Surprise (Earnings Surprise)
- This is a company earnings report that differs
(either positively or
negatively) from what analysts were expecting (consensus forecast).
This often causes movement in the stock's price.
See Consensus Rating. Special symbols are
used for negative actual or expected earnings as follows:
- N+ : Negative actual earnings with positive surprise
- N- : Negative actual earnings with negative surprise
- -+ : Negative consensus earnings with positive actual earnings
- -0 : Negative consensus earnings with zero actual earnings
- -VL: Very large negative percent surprise
- +VL: Very large positive percent surprise
- NA : Not available (data necessary for calculation are not
available)
- TREASURY BOND 30 Year - TYX
- This is based on 10 times the
yield-to-maturity on the most recently auctioned 30-year Treasury
bond.
- Today's High
- This is the intra-day high trading price.
- Today's Low
- This is the intra-day low trading price.
- Total Shares Outstanding (TSO)
- This is the number of shares of capital stock that have been issued and
are in public hands.
- Trading Halt
- This is the temporary suspension of trading in a Nasdaq security, usually
for 30 minutes, while material news from the issuer is being
disseminated over the news wires. A trading halt gives all investors
equal opportunity to evaluate news and make buy, sell, or hold
decisions on that basis. A trading halt may also be imposed for
purely regulatory reasons, either by The Nasdaq Stock Market or the
SEC.
- Two Sided Market
- This the obligation imposed by the NASD that Nasdaq Market Makers make
both firm bids and firm asks in each security in which they make a
market.
- Unallocated Gain
- This is the fund distributions that are not categorized as short, medium or
long term.
- Underwriter
- This is the investment banking firm that brought the company public. In
the IPO Summary
section we include both the primary Underwriter, called the Lead
Manager and the Co-Manager, when available.
- Volatility
- This is the degree of price fluctuation for a given asset, rate, or index;
usually expressed as a variance or standard deviation.
- Volume
- This is the total volume in each stock reported to The Nasdaq Stock Market
from NASD members and exchanges trading Nasdaq securities between
the hours of 8:00 A.M. and 5:15 P.M. EST.
- WEBS
- Known as "World Equity Benchmark Shares",
these WEBS
Index Shares represent a new approach to international
investing, offering passive index management and facilitating
targeted portfolio exposure. There's a WEBS Index Series for each of
17 countries. Each WEBS Index Series seeks to track the performance
of a specific MSCI Index. Many of these indices have been used by
investment professionals for more than 25 years. WEBS are listed on
the American Stock Exchange and trade like any other stock.
- Yield
- This is a return on an investor's capital investment.
Bonds, the coupon rate of interest divided by the purchase price,
called current yield. Also, the rate of return on a bond, taking
into account the total of annual interest payments, the purchase
price, the redemption value, and the amount of time remaining until
maturity.
- 12(b)-1 Fee
- This is the fee assessed to shareholders by the mutual fund for some of its
promotional expenses. A 12b-1 fee must be specifically registered as
such with the Securities and Exchange Commission and the fact that
such charges are levied must be disclosed.
- 13 Week Treasury Bill - IRX
- This is based on the discount rate of
the most recently auctioned 13-week U.S.Treasury Bill. The new
T-bill is substituted weekly on the trading day following its
auction, usually starting on a Monday.
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