In the business class i am taking we are doing a "stock project" and the prices are confusing me... We have to make a spreadsheet with all the prices and gains and losses..(just a bunch of number).. but i was looking at the historical prices on yahoo and i dont understand that it can close at one price and open at a different price... for instance CVX closed one night at $65.64 and opened the next morning at $65.83??? i guess my question is if the stock market is closed then why are the numbers different?? we are supposed to use the "last trade" number i dont know if that is the number that it closed at the night before or the number it opened at the next morning??
2006-10-25 09:29:05 · 7 answers · asked by DidiH 1 in Business & Finance ➔ Investing
The last trade number is the closing price for the day. There could be any number of reasons the stock opens at a different price. The most common reason, is that over night orders flowed into the exchange to either buy or sell the stock. Based on the new orders, the specialists opened the the stock at a higher or lower price. The specialists set the opening price for the day.
2006-10-25 09:35:08 · answer #1 · answered by Anonymous · 2⤊ 0⤋
The closing price at 4:00 pm is the last price of the day. Even if the stock price opens significantly higher, it does not matter. The reason it is higher is because no one wants to sell at the price it closed yesterday. Keep in mind, in stock market, there is a buyer and seller and they must agree on price to have a transaction.
2006-10-25 16:38:25 · answer #2 · answered by Anonymous · 1⤊ 0⤋
The price depends on what people at the stock exchange bid for them. If there are more bids than stock trades the price goes up. This could happen before any trades occur.
2006-10-25 16:32:59 · answer #3 · answered by martin h 6 · 1⤊ 0⤋
Use the number at close of business day at 4:30. After hours trading is what you are referring to. Have fun.
2006-10-25 16:32:21 · answer #4 · answered by pdm582 2 · 0⤊ 1⤋
the company can set the price at what ever they want, the higher the price the more interest the might get from people buying the shares in the company.
the price can flux up and down all day, they can finish on a low and set the starting price higher or lower to gain interest
2006-10-25 16:38:38 · answer #5 · answered by Paultech 7 · 0⤊ 1⤋
There are after hour trades that can be done over the counter, but use the far right column, adjusted close to make sure you are taking dividends and splits into account
2006-10-25 16:32:06 · answer #6 · answered by Mets00 3 · 0⤊ 0⤋
read tips on investing and stocks to help you more on this site
2006-10-25 16:37:09 · answer #7 · answered by lushy 3 · 0⤊ 1⤋