When I set a limit to sell stocks at, once it hits that limit, are my stocks guaranteed to sell?

Question

I have under 100 SLB stocks and want to sell them to make an even number of the remaining stocks. For personal reasons.

I have a GTC for 60 days, they are very highly sought after oil stocks.

Answer 1

Careful how you word your order. If, for example, you say to sell when the stock hits $25, it may go directly from $25.10 to $24.90, skipping $25. No execution, then. Word the order so that, for a profit sell, it is an "at or above" order, one that will execute when a level is exceeded, not when a specific price is reached.

Answer 2

In theory, yes. But it depends on the liquidity of the stock. Although some shares of your stock may trade at the price you want, there may not be a buyer for all of them. If your stock is "popular" (such as GE, IBM, GM, etc), no problem. But if it's a thinly traded stock (such as a microcap), no one may want all your shares at the price you expect. If this is the case, place a GTC (good till cancelled) order, and the stock will continue to be offered for sale until it sells (normally to a max of 30 days).

Answer 3

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Answer 4

It's not guaranteed. There has to be a buyer. Particularly if you have large shares to sell, it might get sold in several transactions (if you instruct this acceptable), which causes you to pay more on commissions. Or, if you own some unpopular stocks, it might not sell at all. Mostly, it will.

Answer 5

That would generally be the case. Yes. However, I would advise that you carefully read your contract with your broker and find out if there is an exception from this general principle.

Answer 6

most of the time yes unless something goes wrong