I decided to sell my stock last Sunday (online, through Fidelity) and the current price was around $52.00 a share. The following Monday the stock continued to decline. When I recently looked at my account, I notcied I was only compensated for the shares at around $43.00 a share. If I sold them on Sunday, why didn't I receive Friday's closing price per share? It appears I received compensation for the shares at some price the stock held on the following Monday.
2007-10-15 06:29:48 · 10 answers · asked by sohophriend 1 in Business & Finance ➔ Investing
No stock gets sold on Saturday or Sunday. If you put in a market order to sell on Sunday, it gets sold on Monday at Monday's price.
2007-10-15 06:35:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I think everyone covered it but the reasons are:
1) If you put in a market order you got the Monday opening bid price, if a lot of people put in sell orders over the weekend like you did then the opening price would be forced down to a low enough price to find enough buyers.
2) If it was a thinly traded stock, there may have been a big spread between the Bid & Ask price. Bid is the current price the market is offering to buy from you stock at, Ask is the current price the market is offering to sell to you a stock at. Thinly traded stocks can have very large spreads (the difference between the two).
3) If you only had a few shares a lot could have been eaten up in commissions. There's also an SEC fee on sell orders but this is usually only a few pennies per share.
2007-10-15 12:50:39 · answer #2 · answered by tiescore 6 · 1⤊ 0⤋
Because the market's not open on Sunday. You didn't sell them until Monday which was the next day the market was open.
You say the current price was "around $52". It wasn't because there was no current price. That $52 was Friday's closing price.
2007-10-15 07:32:50 · answer #3 · answered by Oh Boy! 5 · 0⤊ 0⤋
You have to look at the Bid-Ask spread, which means the price is different for people buying and selling the stock.
A few other good points have been made by other answers in here to.
2007-10-15 07:03:15 · answer #4 · answered by Byron G 2 · 0⤊ 0⤋
When you sell your stock be sure to make it a limit order and then to specify the price you want. Otherwise the guy on the floor will just take the first best price someone offers to buy it for.
2007-10-15 06:35:05 · answer #5 · answered by hilarys_skillery 4 · 0⤊ 0⤋
Joe above is correct. You apparently got the price when the order was executed next business day. If you don't want to sell below a certain price, you must use a limit (conditional) sell order, not a markey (sell it for whatever you can get) order.
2007-10-15 07:21:04 · answer #6 · answered by Anonymous · 1⤊ 0⤋
You get the price that they actually sell the stock for minus the fees and commission.
2007-10-15 06:33:27 · answer #7 · answered by remowlms 7 · 0⤊ 0⤋
so which you made corrections and reworded it to make greater experience and sent it returned to him authentic? mindless idiots! You ever pay attention the element Tim Wilson did approximately Uncle B S' nephew Warren or some thing like that that became into interior the KKK? His youngster moist the mattress and Warren (or notwithstanding) consistently had yellow stains on his Klan outfit. Uncle BS advised him, "you could no longer even hate persons devoid of makin an asss out of your self! you're a humiliation to the completed kinfolk!" i think of approximately that each and each time I see some stupid crap like this! LMAO!!!
2016-10-06 23:37:37 · answer #8 · answered by ? 4 · 0⤊ 0⤋
The Stock Market is closed on Sundays. (This means you cannot sell your shares that day)
2007-10-15 10:10:08 · answer #9 · answered by Anonymous · 1⤊ 1⤋
there's usually a fee... with market watch, its $9 per trade.
2007-10-15 06:39:40 · answer #10 · answered by Cactuar Cutie 2 · 0⤊ 0⤋