Jump to content
  • 0

Why does some stock price divide by 100?


hin

Question

I have only just started learning investing in stocks but i wonder why some company stocks are divided by 100

For example, current market price of Easyjet is about 920 GBP but if I put 1 in the quantity share box, it will result as 9.20 GBP per share.

However, other companies are as normal (market price of tesla is about 680 USD and it's 680 USD per share)

can someone explain why to me please

Link to comment

1 answer to this question

Recommended Posts

  • 0
On 01/07/2021 at 16:36, hin said:

I have only just started learning investing in stocks but i wonder why some company stocks are divided by 100

For example, current market price of Easyjet is about 920 GBP but if I put 1 in the quantity share box, it will result as 9.20 GBP per share.

However, other companies are as normal (market price of tesla is about 680 USD and it's 680 USD per share)

can someone explain why to me please

Hey Hin, thanks for your first post.

In the underlying market UK and South African shares trade in pence. 

For example, when Easy Jet displays a price of 920, their share price is at £9.20. 

US shares and all others trade in dollars. So if Tesla's display price is 680, it's trading at $680. 

 

However, on Spread betting when you trade £1 per point it's equivalent to: 

Easy Jet, £1 per point is equivalent to 100 shares 

Tesla, $1 per point is equivalent to 100 shares. 

If you were trading £1 per point it would be equivalent to trading 100 shares x GBPUSD exchange rate. 

 

If you need clarification on anything else or have any other questions let me know. Either quote my response or sent me a notification by putting @CharlotteIG

All the best 

  • Sad 2
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Recently, U.S. Senator Bill Hagerty from Tennessee spoke at the Bitcoin conference, stating his efforts to push for Bitcoin-supportive legislation to promote freedom and opportunity. This year, cryptocurrency has become a key battleground in the election campaigns. It remains to be seen whether future policies on cryptocurrency will improve.
    • The digital landscape is undergoing a profound transformation as attention, once a freely given commodity, is increasingly recognized as a valuable asset. Layer3 is at the forefront of this revolution, pioneering a new economy where attention can be owned, traded, and monetized   This innovative approach empowers individuals to monetize their engagement, providing unprecedented control over personal data. Simultaneously, advertisers benefit from transparent metrics that optimize campaign performance. Content creators are presented with diverse revenue avenues beyond traditional advertising, while the overall ecosystem experiences a more equitable distribution of value.   The implications of Layer3 extend across various sectors. Social media platforms, for instance, can leverage this technology to revolutionize user engagement and monetization strategies. Tokenomics play a crucial role in driving Layer3's economy, incentivizing participation and rewarding value creation. While challenges such as data privacy and market volatility exist, the potential benefits of Layer3 are immense   Anticipation is building as its native token $L3 is on Bitget Pre-market as users await its listing on the exchange. This milestone is expected to significantly increase the token's visibility and accessibility, potentially driving substantial growth and attracting new investors. As the countdown begins, the crypto community watches with keen interest, eager to see how Layer3 will perform in this new chapter.
    • I've been exploring the world of play-to-earn gaming recently, looking for something that's not just about endless grinding but actually offers a fun and rewarding experience. OGC really stood out to me because it combines gaming with a sense of community in a unique way. OGC isn't just a game; it's a platform where you can play, earn, and even help shape its future. You're not just a player; you're part of a community with a voice. The idea of earning crypto while playing games is exciting, but what makes OGC special is its focus on community involvement. Your feedback can directly influence the development of the game, which is a big deal. I've also heard that the OGC token is available for pre-market trading on Bitget. While I'm still getting to know the platform and its features, it's definitely something to keep an eye on. Has anyone else tried OGC? What has your experience been like? I'd love to hear your thoughts and any tips you might have.
×
×
  • Create New...
us