Ok brand effin new guy to the stock market, trying to figure it all out; if I own one share of Exxon @ $86, Exxon's "Volume" is 260,000, and it rose +2.00 today, what exactly does that mean for me?? Appreciate any help
2007-09-12 15:49:22 · 3 answers · asked by UJEANZ 1 in Business & Finance ➔ Investing
points are 1/100 of a percent. If you own $86 and it went up 2 percentage points, then you have $87.02. Volume is how many shares are being bought and sold, and that shouldn't really concern you at this point. Points are not dollars.
2007-09-12 16:12:04 · answer #1 · answered by Funkanimus 3 · 0⤊ 2⤋
Looks like exxon went up 71 cents today. If you own 1 shares then you made 71 cents. Lets say you owned 5,000 shares you would multiply 5,000 by the amount it went up so you would have made $3,550 today.
2007-09-12 16:38:38 · answer #2 · answered by Jeremy F 1 · 0⤊ 0⤋
Two Dollars
2007-09-12 16:15:05 · answer #3 · answered by Ranto 7 · 2⤊ 1⤋