I am watching a bullitin board stock. Every day it will go up or down throughout the day but always seems to close within a few pennies of the same price every day. This has been going on for a about a month now. Is there some way someone can control the price of a stock to make sure it is always selling at a given price? How could and why would this happen?
2006-06-09 09:41:48 · 7 answers · asked by kcman777 1 in Business & Finance ➔ Investing
No, controlling a stock price is illegal.
A share of a company trades for what people feel that percentage is worth.
To make it simple, we'll say that there's 100 shares of XYZ and you own 1.
The company makes a profit of $100 last year, or $1 per share.
The shares might trade anywhere from 50 cents to $10 depending on what people speculate will happen with the company. Did they just file bankruptcy protection? Did they release a new product that will dominate the market?
If there is nothing drastic going on with the company, the shares will roughly float around the same price until something does happen.
2006-06-09 09:48:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
thoven8 is completely wrong and shouldn't be allowed to answer finance questions. What makes a stock go up and down is simply supply and demand. If a lot of people want to buy it they the price will go up, if a lot want to see it then the price will drop. My guess is that the stock you are watching has a relatively low volume meaning that not many shares are traded on a given day. This low volume means that your stock isn't very volatile and therefore isn't going to move much.
Hope this helped
GCJ
2006-06-15 20:24:26 · answer #2 · answered by Garrett J 2 · 0⤊ 0⤋
stock price are depends on many factors. Mainly supply and demand but no one like to buy at high and sale low! If there isn't enough activity that can move that stock up or down. U will c it closes at the same price at the end of the day.
2006-06-09 09:48:53 · answer #3 · answered by Ted 4 · 0⤊ 0⤋
Pre-trading before the market opens determines the stock's starting price.
So who's pre-trading?
It's billionaires who make and break companies before lunch. They call eachother up and say...buy 50,000 shares of XXX today...together we'll make the price go up and sell around 3pm.
People with ALL the money (the top3-5% of this country's population) are the only people who can control the market. And I'm sure they won't post their plans on a bb.
2006-06-09 09:47:27 · answer #4 · answered by jaike 5 · 0⤊ 0⤋
stock prices depend on the demand for the item and how well the company is doing, example: stock at apple has increaded dramatically since the sucess of the ipod.
2006-06-09 09:45:17 · answer #5 · answered by man_in_the_box2590 4 · 0⤊ 0⤋
1
2017-02-15 07:23:10 · answer #6 · answered by ? 3 · 0⤊ 0⤋
stocks go up and down, that's the nature of the stock market. Sometimes they do nothing at all.
2006-06-09 09:46:13 · answer #7 · answered by Karen_momof4 3 · 0⤊ 0⤋