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Fifth letter of a Nasdaq stock symbol specifying that the issue is a class of stock such as third preferred class of warrants, foreign preferred, sixth class of preferred stock, or preferred when issued stock.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
On a stock transaction table, a symbol indicating that a security's price is its lowest price in a rolling 52-week period. See also: New low.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Used in stock transaction tables in newspapers to indicate that during the day's activity the stock traded at a new 52-week low: L53 1/2 .
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.