My broker quoted a stock as 10 bid and 10.25 asked. What does that mean?
The bid is the highest price anyone is willing to pay for a security at a particular time. When you want to sell a stock at the market, you will be executed at bid price. The asked is the lowest price anyone will accept to sell shares. When you buy a stock at the market, you will received the prevailing asked price.
Related Questions
- I bought a stock which is not quoted on the main market but on AIM. What does AIM mean and what problems will I encounter when I come to sell, such as if I use an online dealing service?
- A broker told me that the Superintendent of Securities had issued a "receipt" for a companys prospectus. Does this mean the stock is a good investment?
- WHAT DOES STOCK MEAN?