Question 1 [5 points] Suppose that on Monday, May 2nd of 2022, stock XYZ closed at $210 per share at 4:00PM (New York ti

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Question 1 [5 points] Suppose that on Monday, May 2nd of 2022, stock XYZ closed at $210 per share at 4:00PM (New York ti

Post by answerhappygod »

Question 1 5 Points Suppose That On Monday May 2nd Of 2022 Stock Xyz Closed At 210 Per Share At 4 00pm New York Ti 1
Question 1 5 Points Suppose That On Monday May 2nd Of 2022 Stock Xyz Closed At 210 Per Share At 4 00pm New York Ti 1 (15.98 KiB) Viewed 11 times
Question 1 [5 points] Suppose that on Monday, May 2nd of 2022, stock XYZ closed at $210 per share at 4:00PM (New York time). The very next day (on Tuesday, May 3rd of 2022), it opened at $235 per share at 9:30AM New York time. Why would the stock open at a different price on Tuesday compared to the previous trading day when the markets closed? What may be a likely reason for this price difference? Directions: In no more than three sentences, discuss why this may happen. 2
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”