Stocks quotes are price lists (generally bid, ask and last)
for a stock at a specific point during the trading day. Stocks used to be
quoted in fractions, but now most exchanges use decimals.
The quote is the most basic information available about any
stock Where:
Symbol: The ticker symbol for a given stock. Above
I've included Micron (MU) and Microsoft (MSFT).
Last: The last price at which the stock traded.
Change: The change in price, based on the last sale,
from the previous day's close.
Bid: The best (highest) price at which there is a
buyer of the stock.
Ask: The best (lowest) price at which there is a
seller of the stock.
Size: How many shares are being bid for at the best
bid and how many shares are being offered at the best ask. These numbers are in
hundreds. So, in the MSFT example, someone(s) is bidding 93 1/2 for 10,000
shares while someone(s) is offering 600 shares at 93.75
Volume: Total number of shares traded on the day so
far, in hundreds.
Open: The price at which the stock opened the day of
trading at. In other words, the first trade of the day.
High: The highest price at which the stock has traded
on the day.
Low: The lowest price at which the stock has traded
on the day.
Stocks Quotes - Role of Stockbroker
In selecting the proper price for buying and selling of
stocks, stockbroker assists to investors. For individuals or corporations, a
stockbroker invests in the stock market.
Transactions can be conducted by only
members of the stock exchange, so the individuals or corporations must go
through a brokerage house whenever they want to buy or sell stocks.
Clients are often advised and counseled by stockbrokers on
appropriate investments. The explanation of working of the stock exchange and
the feed back regarding the client needs and financial ability are given by the
stockbrokers, and then determine the best investments for those clients.
By means of the computer or by phone, the broker then sends
the order out to the floor of the securities exchange.
The broker supplies the
client with the price when the transaction has been made. The buyer pays for
the stock and the broker transfers the title of the stock to the client and
performs clearing and settlement procedures.
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