The FTX Stock Symbol: What It Means for Investors

RAMA38.MY.ID -Shares of FTX stock, which closed at $11 per share on May 10, 2016, have been rising steadily since the company’s IPO in September 2015 and currently have a market capitalization of $1 billion. 

But it can be hard to understand what all this means if you’re not an investor yourself. To help you out, we put together this guide about the stock symbol for FTX and what it means for investors in general and specifically for those who have already purchased shares of FTX stock.

Introduction

FTX is the stock symbol for Frontier Communications Corporation (FTR), a publicly traded telecommunications company that operates in 29 states and 3 provinces in Canada. 

FTR is one of the largest providers of broadband, voice, video and data services in the United States. The company was founded in 1993 and has over 8 million customers. 

Additionally, FTR has made partnerships with leading network operators including AT&T and Comcast as well as competitive local exchange carriers such as Fairpoint Communications and Birch Telecom 

 The company also provides internet service to certain areas through its FiOS TV product called FioS Ignite TV or FIOS I-TV. 

These are bundled packages that include high speed internet, telephone service and television channels. The company's flagship cable operator, Charter Communications Inc., does not compete in all markets where Frontier offers telecom services which includes most major metropolitan areas. 

They provide phone, internet and TV service in rural parts of America but are otherwise limited to select urban areas. 

FTR believes this will help them grow market share by increasing their customer base which currently stands at about 2 million households. Customers interested in obtaining an FTR account can do so either online or by visiting an authorized retail store.

Frontier is the second-largest provider of cable broadband internet service in the US after Comcast (CMCSA) (). In 2012, it acquired some wireless spectrum from Verizon () to expand its wireless operations.

What Is the FTX Stock Symbol?

The FTX stock symbol is an abbreviation of the company's name, Foot Locker. As a publicly traded company, you'll be able to find the latest Foot Locker stock quote and other relevant information by visiting Yahoo Finance or Google Finance. You can also look up the company's SEC filings on their website under Investor Relations. 

If you're a trader that deals with stocks, then you'll need to know the current price of FTX shares as well as what trading volume there is. Trading volume tells you how many shares were bought and sold during a certain time period. 

Trading volume will typically increase when the price of the stock goes up because people are trying to buy it before they miss out on any potential gains, or they're trying to make money by selling it at a higher price than they bought it at (called shorting). 

There are two types of prices for stocks - the ask and the bid. The ask price is what someone who wants to sell their shares would want from you in order to give them your share. They might say they want $20 per share if you were buying 100 shares. 

The bid price is what someone who wants to buy your shares would offer to pay for them if you wanted to sell. They might say they'll pay $19 per share if you wanted to trade 100 shares. 

When investors purchase shares in a publically traded company, they own fractional parts of the corporation itself. Typically, these investors will have voting rights so long as they hold onto their investment. 

On some occasions, companies may issue different classes of stock where one type carries more weight than another. These classes can either include voting rights, dividends, liquidation preferences or the price paid for new shares issued.

What Does the FTX Stock Symbol Mean for Investors?

In the world of stocks, there are two types of symbols. The first is a company's stock symbol and the second is its ticker symbol. 

A company's stock symbol has to be unique and cannot be duplicated by another company, while a ticker symbol can be shared with other companies. 

In essence, a company's stock symbol reflects its name, while a ticker symbol functions as an abbreviation or shorthand. For example, Apple Inc.'s stock symbol is AAPL and its ticker symbol is simply AAPL. 

On the other hand, Walt Disney Company's stock symbol is DIS and its ticker symbol is DISNEY. Regardless of what type of symbol it uses, all publically traded securities have a stock market listing that allows investors to buy and sell shares in order to make money on them. 

The RAMA38 FTX Corporation lists on the NASDAQ under the NASDAQ stock symbol FTX, so this means that they use their own specific kind of symbols. 

But does that really matter? Probably not if you're just looking at stocks on your phone and don't really care about the specifics behind how something works. If you want to get into trading stocks or putting together some other kind of investment plan, then yes--it matters. 

You may see some prices quoted in dollars per share (DPS), which would mean that the price refers to one share of stock multiplied by the number of dollars per share. 

Alternatively, you might see them quoted in pennies per share (PPS), which would refer more specifically to one penny being worth $0.01 USD and that being a single share price multiplied by 100 PPS.

Conclusion

The stock symbol is a letter or set of letters that represent the company. The first letter is the region where the company is located (i.e. US, UK, CA). The second letter represents the type of company (i.e., B=Banks, C=Chemicals). 

The third letter represents the industry group (i.e., A=Airlines, F=Finance). The fourth letter could be either an index number or just a placeholder to distinguish between different companies in the same industry with similar names. 

In addition, you can use numbers after the initial four-letter designation if there are more than one company in an industry group with the same name. For example, Google and Yahoo both fall under the G classification of corporations. 

To make it clear which company you're referencing, they would have their respective symbols appear as GOOG and YHOO respectively on a stock ticker. 

You may also see a plus (+) sign attached to the end of the code to show whether or not the company has paid dividends, but this is less common. 

If you want to find out what stock symbol represents your favorite company, do some research online and keep in mind these few guidelines about how it's determined! This will help you avoid any confusion when analyzing stocks. 

Once you know the specific information, refer back to the list above to understand what those two letters stand for. Here are some examples: Apple Inc. uses AAPL; Nike Inc. uses NKE; Amazon uses AMZN; Netflix uses NFLX; Ford Motor Co. uses F .