Last Price Definition


Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.


In a long call condor, there is a long call of a lower strike price, one short call of a second strike price, one short call of a third strike price, and a long call of a fourth strike price. Each call has the same expiration date, and the strike prices are an equal distance apart. The minimum price that a seller is willing to receive for a security. Usually sell limits are set at or above the security’s current price.

Why is the ask price higher than the last price?

The offer or ask price is the price that sellers are willing to accept from buyers. In sum, investors can use the last traded price to gauge where the market is and what people have done recently, but once this price is posted, it might not be the actual price you pay if you decide to buy the security.

If people have no job and no earnings, their purchasing power will be negatively affected. Therefore, under compulsion, brands either increase or decrease the prices given the situation, which might adversely affect the economies. A “C” in front of the last price indicates that this is the previous day’s closing price. A “buy” order for CIV units which must be forwarded to the fund manager rather than being matched / crossed with a “sell” order, e.g. by an intermediary funds supermarket, broker/dealer etc. This would be used in markets where the originator requires specific tax treatment and/or dealing charges. Side Sell Short An order to sell a security that the seller does not own; a sale effected by delivering a security borrowed by, or for the account of, the seller.

The last price is the most recent transaction, but it doesn’t always accurately represent the price you would get if you were to buy or sell right now. The last price might have taken place at the bid or ask price, or the bid or ask price might have changed as a result of, or since, the last price. An offer placed below the current bid will narrow the bid-ask spread, or the order will hit the bid price, again filling the order instantly because the sell order and buy order matched.

For example, say you place an order to buy 1,000 shares of XYZ stock currently quoted at $25.30 per share. If your order is executed at $25.29, then you realize $0.01 per share of price improvement, resulting in a total savings of $10.00 (1,000 shares × $0.01). For variable annuity VIP sector funds on the VIP Sector Fund Detail screen, this is the percentage of sector fund shares you have held units for 60 days or longer. Also known as a “flat butterfly” or an “elongated butterfly,” a four-leg spread.

If the bid is placed at $10.03, all other bids above it must be filled before the price drops to $10.03 and potentially fills the $10.03 order. The price of the tangible and financial market products frequently fluctuates due to the increase or decrease in the availability of products and services. A trade will take place only when a buyer interacts with a seller via dealers and brokers. They are the lower prices at which products or services are sold to retailers. Retailers then add their markup to the wholesale price to arrive at the higher price (i.e., the net price).

Also see Good Till Crossing , At Crossing, At the Opening and At the TimeInForce Government Equivalent Yield Ask yield based on semi-annual coupons compounding in all periods and actual/actual calendar. YieldType Held The firm executing the order is held to best execution requirements, and may not make discretionary decisions.

The Last Traded Price Is Not the Market Price

In some cases, the mid-price will be rounded up or down to the nearest “tick” for convenience purposes, and therefore not be the exact A CIV may be legally constituted as a Limited Company with variable capital, a Trust or a Limited Partnership – depending on local legislation & tax regimes. Not higher than the last sale minus the minimum fractional change in the stock if the last sale was a “plus” or “zero plus” tick.

  • A price basis objective of “derivative” means the fund attempts to track the commodity using derivatives.
  • After the house is purchased and sold , however, the market price is whatever price the owner is willing to sell the house and whatever price a buyer is willing to pay for it .
  • They are the lower prices at which products or services are sold to retailers.
  • This represents the weighted average of the price/sales ratios of the securities in a fund’s portfolio.
  • The execution of either order triggers an attempt to reduce the remaining quantity of the other order, partial executions included.

PositionEffect Closing Yield The yield of a bond based on the closing price. YieldType Closing Yield Most Recent Month The yield of a bond based on the closing price as of the most recent month’s end. YieldType Closing Yield Most Recent Quarter The yield of a bond based on the closing price as of the most recent quarter’s end. YieldType Closing Yield Most Recent Year The yield of a bond based on the closing price as of the most recent year’s end.

Use PEG Ratio to measure how much investors are paying for a stock relative to how quickly the stock is expected to grow. Many analysts favor PEG Ratio over Price/Earnings (P/E) Ratio because PEG Ratio accounts for growth. A value less than 1.0 indicates that a stock is trading at a discount to its growth. Averages vary sharply by industry, so searching relative to peers makes sense. A securities current price divided by the company’s trailing 12-month sales per share.

Definition of At The Close Or Closing Price

These software programs consider manufacturing costs, shipping costs, discounts and added value. A list price is the starting point from which net prices are calculated. It’s also known as the manufacturer’s suggested retail price or “sticker” price. In some cases, net prices are displayed without including these taxes, stating that taxes will be added at the time of purchase. To calculate the net price, start with the list price and add any taxes and other government-mandated charges.

What is the opposite of ask price?

The opposite of the ask – the price at which you can sell an asset or security to a buyer – is referred to as the sell price, or the bid. The difference between the two is the 'spread'.

The On-Balance Volume Index is higher for stocks moving up on increasing volume, and can be an indication of significant buying activity. Closing prices are useful markers for investors to use to assess changes in stock prices over time. Even in the era of 24-hour trading, there is a closing price for any stock or other security, and it is the final price at which it trades during regular market hours on any given day. The closing price is considered the most accurate valuation of a stock or other security until trading resumes on the next trading day. The adjusted closing price factors in anything that might affect the stock price after the market closes, such as dividends or splits.

Market Price & Stock Market

Also, the percentage change of these 4 quarters as compared to the same 4 quarters a year ago. The real-time market value for a basket as of the last time it was saved. A ratio of a portfolio’s standard deviation to the standard deviation of a benchmark index. RSI also often forms chart patterns which may not show on the underlying price chart, such as double tops and bottoms and trend lines.

An investment product, like a mutual fund or an Exchange Traded Product , that invests in a variety of mid-cap US stocks, or those that represent 20% of the total capitalization of the US equity market. The mid blend style is generally assigned to investment products where neither growth nor value characteristics predominate. Also called Market Capitalization, Market Value is calculated by multiplying the number of shares outstanding by the latest closing price of the stock. Generally speaking, small cap stocks have market values below $1 billion, while large caps have values in excess of $5 billion. The market value of an entire company or fund, calculated by multiplying the number of common shares outstanding by the market price per share. For comparison purposes, companies are usually divided into three groups according to Market Capitalization—large cap, mid cap, and small cap.

Load funds are not included under the Evaluator’s NTF identifier, although you do not pay a transaction fee on load funds. You are charged a sales load by the fund, a portion of which is paid to Fidelity. Strict accounting guidelines state when sales can be recognized as income.

Last Price Paid

Refinitivs/Verus provides a comprehensive stock report with in-depth analytics on individual companies. The Company-In-Context report’s user-friendly format provides financial advisors, investment bankers, and money managers with powerful insight to help drive their client’s investment strategies. In a down trend, confirmed by a trend-following indicator, go short when the ROC turns down from above the center line. The weight of each commodity in the index will be based on the market value of the commodity produced. Read the ETP’s prospectus for details on how market value and production is calculated because there may be significant differences between indices. It is often seen as being akin to weighting an equity index by market capitalization.


If no other exchange is specified for order routing, this exchange is also where the contract will be routed. Select SMART order routing to route directly to the best available market. For a floating-rate Financing transaction the “spread” is the difference in yield extended above or below the yield of the stated benchmark. An identifier for an Investor or a broker or funds supermarket’s nominee/custodian company which is recognized by the Fund manager. OrdType Foreign exchange swap The transaction of exchanging two currencies at an agreed upon rate at an agreed upon time.

OrdType Bermuda style option A type of option that can only be exercised on predetermined dates, usually every month. The Life Of Portfolio % is the percent gain or loss for the portfolio from its inception date through the most recent month-end date. The Life of Fund percent is the percent gain or loss for the portfolio since its inception date.

strike prices

The weight of each security in the index will be based on the annual revenue generated by the company. Read the ETP’s prospectus to determine if the index is based on net or gross revenue. Use trend indicator to determine a strong up trend then if the RSI is below 50, you have a dip in the up trend.

What is mid price mean?

In financial markets, the mid-price is the price between the best price of the sellers of the stock or commodity offer price or ask price and the best price of the buyers of the stock or commodity bid price. It can simply be defined as the average of the current bid and ask prices being quoted.

Market orders and Good Til Canceled orders are accepted after the new issue starts to trade in the secondary market. When you place a limit order to buy, the stock is eligible to be purchased at or below your limit price, but never above it. When you place a limit order to sell, the stock is eligible to be sold at or above your limit price, but never below it. An unmanaged, market capitalization-weighted index of the smallest 800 companies included in the Russell 1000® Index that exhibit value-oriented characteristics. Use Revenue Growth to find companies that are growing quickly by selling more, but that might not be seeing the accompanying growth in earnings. For quarterly comparisons, be sure that the companies you review are not seasonal.

In a price chart, a list of several popular technical indicators. For variable annuity VIP sector funds, this is a fund for which you have held units for 60 days or longer. The bank issuing a letter guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

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