Woody

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Woody

Slang to describe a market moving strongly upward, as in, "This market has a woody."

Woody

Informal; describing a sudden, large uptick in market prices. This may refer to a single security, but usually refers to a stock market at large. For example, one may say, "The market has a woody," to describe this situation.
References in periodicals archive ?
A former Woodies chairman and chief executive, Arnold Aronson, now a retailing consultant with Levy, Kerson Aronson & Associates, said that, with the purchase of the 11 stores, Federated "solidifies a market position in all of the important Mid-Atlantic markets.
Federated would not comment on the future of the Woodies name or the price it has offered for the purchase.
Woodies acquired the more upscale John Wanamaker operation in 1986, and management decided that Woodies should go upscale to match.
When Woodies attempted to back-pedal in the early 1990s, after a recession hit the region, it found Hecht's and other competitors had secured its former market.