Ticker symbol for TWTR (not Twitter) changed to avoid confusion

  @jtotoole October 8, 2013: 6:50 PM ET
twtr chart

Shares of Tweeter Home Entertainment Group surged briefly last week after investors apparently confused the stock for that of Twitter.


Regulators are attempting to save Twitter-hungry investors from themselves.

The Financial Industry Regulatory Authority changed the ticker symbol of Tweeter Home Entertainment Group, a long-closed electronics retailer, on Tuesday after its stock soared last week when investors apparently mistook it for Twitter.

Tweeter previously traded under the symbol "TWTRQ," but will now be listed as THEGQ (THEGQ). Q is typically added to the ticker symbols of bankrupt companies that still have shares trading.

FINRA said it changed the symbol for "the avoidance of further confusion" following "a widespread misunderstanding related to the possible initial public offering of an unrelated security."

Twitter plans to trade under the symbol TWTR when it goes public. The company filed papers last week detailing its plans for a $1 billion initial public offering.

A day later, shares of Tweeter Home Entertainment Group soared as high as 15 cents, a gain of about 1400%. Shares finished the day at 5 cents, up nearly 700%.

The stock had a similar spike back on Sept 17, a few days after Twitter's initial filing signaling its plans to go public.

People who hold shares in defunct companies like Tweeter can still trade them. But the shares trade on over-the-counter markets rather than on any of the major exchanges. To top of page

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 12:43pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.21 0.00 0.00%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.