At the end of the trading day, a lot of stocks will be listed as their asking and bid prices at rediculous rates. Like a normally $5 stock will be listed as bid- .01 and Ask- $2,000. I was wondering if they're ever actually traded at those points.
At the end of the trading day, a lot of stocks will be listed as their asking and bid prices at rediculous rates. Like a normally $5 stock will be listed as bid- .01 and Ask- $2,000. I was wondering if they're ever actually traded at those points.
No. Just bullshit bid/asks. Or zero activity so the range of the board shows, in this case from .01 to 2k/share.
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A man is not old until regrets take the place of dreams...John Barrymore
I think you generally see those big variances between bid/ask with lower priced stocks or with ones with only a few open shares. Your general, regularly traded stocks usually only have a few points difference between bid and ask, in my experience anyway. If it only happens for a short while at the end of the day, it may also be a brief entry made by a computer while the actual results for all stocks on the day are being calculated.
