2006-07-24 07:32:04 · 4 answers · asked by Darrell G 1 in Business & Finance ➔ Investing
When you buy a stock you pay the higher "ask" price.
When you sell a stock you get the lower "bid" price.
(I know, what a rip-off) The difference between the two is the "bid-ask spread," and it's larger for less-frequently traded stocks. For large company like Intel it may be only a penny.
Spot price is the price paid at the more recent trade.
2006-07-24 07:48:51 · answer #1 · answered by Yardbird 5 · 0⤊ 0⤋
Difference Between Bid And Ask
2016-10-04 22:31:57 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Think of the markets as Ebay. There are buyers and sellers bidding on things.
The seller wants to get as much as he or she can, while the buyer wants to pay as little as possible. And potential bidders want to highest bid price so they can beat it.
Translating all this to the financial markets gives us:
1) The price the seller is asking for the item is called the ASK.
2) The price the buyer is willing to pay for the item is called the BID.
3) And the current price for the item right now is called the SPOT.
2006-07-25 17:11:02 · answer #3 · answered by msoexpert 6 · 0⤊ 0⤋
Bid is what people are actually willing to bid on an item
Ask is the amount people are asking for but can be haggled.
Spot price is the current market value
2006-07-24 07:35:57 · answer #4 · answered by ? 3 · 1⤊ 0⤋