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- Ethan Allen Interiors Inc., an NYSE-listed business, has changed its ticker from ETH to ETD to avoid confusion with Ethereum
- In 1932, the home furnishings producer and retail company opened its doors
- Over the last three weeks, the price of Ethereum has risen again
Ethan Allen Interiors Inc., a New York Stock Exchange (NYSE) listed business, has changed its ticker from ETH to ETD to avoid confusion with Ethereum. Apart from the London hard fork, Ethereum has reached another milestone this week, with a 90-year-old NYSE-listed firm changing its ticker to prevent confusion with Ethereum.
Ether Allen statement on changing its ticker in NYSE
Ethan Allen, home decor and furniture retailer with over 300 locations across the United States, stated on August 4 that its NYSE ticker has changed from ETH to ETD. The company has altered its ticker to reflect the design and has integrated D to eliminate investor confusion and to solidify its internet keyword searches, according to the company.
They also feel that by making this adjustment, search results will better distinguish Ethan Allen news from Ethereum news, as Ethereum is frequently abbreviated as ETH. In 1932, the home furnishings producer and retailer opened its doors. Investors who want to hold both forms of ETH have until August 16 to do so before the symbol for Ethan Allen is permanently changed.
The shares of the interior design firm saw a rise in interest from retail investors who assumed they were buying Ethereum, according to The Wall Street Journal in May. According to Rishi Khanna, CEO of social investing site Stocktwits, they have absolutely noticed a big surge in incorrect activity on the Ethan Allen stream on a percentage basis.
There was a boom in the NYSE version of ETH
According to Yahoo Finance data, the NYSE version of ETH was priced at $20 at the start of the year and had risen by more than 50% to $32 by May 7. The cost has since dropped to roughly $23 at the time of writing.
Many users are either perplexed, upset or have discovered the humorous side of the name misunderstanding between the two in the comments section of Yahoo’s stock summary.
On August 1, a user named Terry stated under the stock that $ETH has climbed $800+ since July 20th and that this bill run is taking off in under 12 weeks. It’s looking quite optimistic right now, and we’re only getting started. A long way from the ATHs.
On the other hand, Chris L stated on August 4 that Ethan Allen should seriously consider changing their stock ticker. It would be interesting to talk about a successful business. The price of Ethereum has risen in the last three weeks as anticipation increased for the London hard fork, also known as EIP-1559, which went live on August 5.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
