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 Jessica put in an order for some shares of Exxon Mobil Corp. a. As shown on the ticker, how many shares did Jessica buy? b. How much did each share cost? c. What was the value of Jessica’s trade?

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
Jessica put in an order for some shares of Exxon Mobil Corp.
a. As shown on the ticker, how many shares did Jessica buy?
b. How much did each share cost?
c. What was the value of Jessica’s trade?

Labs

Want to see this concept in action?

NEW

Explore this concept interactively to see how it behaves as you change inputs.

View Labs

Key Concepts

Ticker Symbols

Ticker symbols are abbreviations used to uniquely identify publicly traded companies on stock exchanges. They allow investors to quickly recognize and differentiate between companies, making it easier to track market activity and perform financial analysis.

Interpreting Trading Data

Trading data provided by tickers includes key information such as the number of shares traded, the price per share, and other trade specifics. Understanding how to read this data is essential for executing and evaluating orders in the stock market.

Stock Quantity Representation

The share quantity in ticker information can be expressed in shorthand notation (e.g., '0.66K') where the suffix 'K' denotes thousands. Converting this notation into actual share counts is a critical skill, as it informs the volume of the transaction.

Price Per Share Identification

The price per share is a fundamental element displayed in ticker information and indicates the cost of one unit of stock. Accurately reading this figure is vital for determining how much an investor pays for each share in the transaction.

Trade Value Calculation

The overall value of a trade is calculated by multiplying the number of shares by the price per share. This computation provides investors with a complete understanding of the transaction's monetary scale and financial impact.

Transcript

Please give Ace some feedback