New York • Tweeter is not Twitter. And it changed its stock symbol Tuesday to avoid any confusion.
The bankrupt electronics retailer's new ticker symbol is "THEGQ." Its old symbol was "TWTRQ."
That was apparently too similar to "TWTR," the symbol proposed by Twitter on Thursday when it filed plans for its highly anticipated initial public offering.
Some confused investors sent Tweeter's stock up as much as 1,400 percent on Friday. And trading volume skyrocketed to 14.4 million shares. Over the past year, the daily average was about 29,000, according to FactSet.
The Financial Industry Regulatory Authority, Wall Street's industry regulator, halted trading of Tweeter's stock Friday afternoon. The over-the-counter stock resumed trading with its new stock symbol Tuesday.