I was wondering how you read a stock ticker for a stocks gains/losses.
I was researching a stock today and it opened at $48.71 per share. I was tracking it this afternoon and the profile said that it last traded at $48.58 per share. At the bottom they showed the change in price in the following manner:
Change: -.13 (.27%)
What does the .27% mean? I know that it must somehow be calculated by dividing .13 by 48.71, but what exactly does that mean? At first, I thought it meant that the stock was down 27%, but that would be wrong because .13 is not 27% of 48.71.
Please help, I'm stumped!!
2007-03-07 06:06:16 · 2 answers · asked by michigangrad02 1 in Business & Finance ➔ Investing
Seriously? It's 0.27% or 27 basis points. Since it's in parentheses it's a decrease.
-0.13/48.71 = -0.27%
2007-03-07 06:28:42 · answer #1 · answered by BosCFA 5 · 0⤊ 0⤋
Check out www.investlikeme.blospot.com. Part 1 will explain the valuation of a stock.
2014-02-27 03:58:55 · answer #2 · answered by Joe 2 · 0⤊ 0⤋