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.

Federated: Macy's to get Woodies

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.