Use the following ticker information to answer Exercises...

Use the following ticker information to answer Exercises 2–9. The stock symbols represent the following corporations: HD, Home Depot Inc; S, Sprint Nextel Corporation; VZ, Verizon Communications Inc; and XOM, Exxon Mobil Corp. HD 32.3M@29.13?1.13 S 1.1K@9.14?0.78 VZ 3.32K@38.77?2.27 XOM 0.66K@92.67?1.58 Phil sold his shares of Verizon Communications Inc, as indicated on the above ticker. a. How many shares did he sell? b. How much did each share sell for? c. What was the total value of all the shares Phil sold?

Use the following ticker information to answer Exercises 2–9. The stock symbols represent the following corporations: HD, Home Depot Inc; S, Sprint Nextel Corporation; VZ, Verizon Communications Inc; and XOM, Exxon Mobil Corp.
HD 32.3M@29.13?1.13 S 1.1K@9.14?0.78 VZ 3.32K@38.77?2.27 XOM 0.66K@92.67?1.58
Phil sold his shares of Verizon Communications Inc, as indicated on the above ticker.
a. How many shares did he sell?
b. How much did each share sell for?
c. What was the total value of all the shares Phil sold?

Key Concepts

Total Value Calculation

Total value calculation involves multiplying the number of shares traded by the share price to determine the monetary value of the transaction. This basic arithmetic is fundamental in financial analysis, helping investors understand the scale of their trades.

Share Price Identification

The share price shown in ticker data reflects the price at which a single share of the stock is trading during a given transaction. This value is essential for calculating the overall value of a trade, such as when assessing sales or purchases.

Volume Notation in Trading Data

Volume notation in trading data indicates the number of shares traded, using shorthand such as 'M' for millions or 'K' for thousands. Understanding these abbreviations is crucial for accurately determining the actual number of shares involved in a transaction.

Stock Symbols

Stock symbols are unique abbreviations used to identify publicly traded companies on a stock exchange. They allow investors and analysts to refer to companies succinctly and accurately while discussing or analyzing market activity.

Ticker Information

Ticker information provides a concise summary of a security's trading details, including the number of shares traded, the share price, and sometimes the change in price. This format is commonly used in financial markets to quickly communicate key data about the trading activity of a stock.

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