the price of a single share of the stock? Or does it represent something else entirely. Given this number (whatever it means) does it give one a means of determing the price of a share?
Thanks a lot.
Yes, that is the price of one single share. The price reflects the last sale made in the market. Shares are usually purchased in lots of 100-500 or more shares at a time, so the transaction is for $3301.00 for 100 shares of GE @ 33.01 although you can purchase fewer shares- your broker will match with you to make up the order to a "round lot"-100 shares.
February 27th, 2010 at 11:56 am
Yes, that is the price of one single share. The price reflects the last sale made in the market. Shares are usually purchased in lots of 100-500 or more shares at a time, so the transaction is for $3301.00 for 100 shares of GE @ 33.01 although you can purchase fewer shares- your broker will match with you to make up the order to a "round lot"-100 shares.
References :
February 27th, 2010 at 12:23 pm
it is the current price of a single share of the stock
References :