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A symbol appearing next to a security listed on NASDAQ indicating that the security trades in units rather than shares. All NASDAQ listings use a four-letter abbreviation; if a "U" follows the abbreviation, this indicates that the security being traded is a unit security.
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Used in the daily or weekly high column of stock transaction tables in newspapers to indicate that the price of a security has reached a new 52-week high: u75.
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.