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
  • General Statistics

    • Total Topics
      23,001
    • Total Posts
      95,344
    • Total Members
      43,621
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    dCortel
    Joined 25/09/23 22:13
  • Posts

    • The cryptocurrency industry has grown rapidly in recent years, with the total market capitalization now exceeding $500 billion. However, the industry still faces a number of challenges, including security and on-chain efficiency which is one of the biggest challenges in the cryptocurrency industry, because in recent years, there have been a number of high-profile hacks of cryptocurrency exchanges & wallets, and traders are faced with high cost of on-chain transactions. All of which summed up to make cryptocurrency trading less efficient. In order to address these issues, exchanges are seen taking up the responsibility of solving the problems and I've seen Bitget, a leading cryptocurrency derivatives exchange, recently partnering with Cobo, a leading provider of digital asset custody and security solutions. This partnership is aimed at enhancing the security and efficiency of cryptocurrency trading, which will allow users to seamlessly execute cross-exchange transactions, enabling users to capitalise on arbitrage opportunities without having to deposit their funds directly on exchanges. This could significantly reduce on-chain transaction gas costs and make crypto investments more efficient and cost-effective. Developments like this, if it could be capitalised on would take away bad players from the industry, make crypto a safe place and increase its adoption, but how wide would it cover for the whole users in the crypto space and even Bitcoin?
    • Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis Summary: Elliott Wave (iv) of  c) of 4 Flat Correction for US Indices and DAX. Trading Strategies: Once Wave (iv) has reached its 38.2% retracement level, short term traders can start to look for short trade setups into Wave (v) of c) of 4. The longer term Video Chapters 00:00 SP 500 (SPX)  11:01 NASDAQ (NDX) 12:39 Russell 2000 (RUT) 14:20 DAX 40 (DAX) 19:37 FTSE 100 UKX (UK100) 23:18 ASX 200 (XJO) 29:08 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge    Access Trial    
    • I think bitget will be the obvious option cos binance that use to be a good option isn't finding it rosy atm with regulatory bodies and speculations around the health of the exchange aren't friendly to feel safe with them atm
×
×
  • Create New...
us