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It baffles you? Sure, the price doesn't matter much to a retail investor. But millions of shares will be bought tomorrow at that price so it certainly means so
by encoderer 13y ago
It baffles you?
Sure, the price doesn't matter much to a retail investor. But millions of shares will be bought tomorrow at that price so it certainly means something to the right people.
- danhak 13y agoWhich headline do you think is more informative to TechCrunch's audience? Twitter Prices IPO At $26 Per Share or Twitter Prices IPO At $18 Billion Valuation
- afterburner 13y agoBoth are useful and necessary.
- edias 13y agoYes, they are both useful and relevant when used in combination but alone stock price is pretty meaningless. Before Berkshire Hathaway issued a stock split (1 share becomes 2 or more shares) a share was worth ~$172,000. Today Apple trades at $520 and MSFT at $38. Alone those numbers are of no use. You don't know how much the actual company is worth. Share price * share volume = Market Cap. You need to know at least two of those values to make an informed decision.
- pbreit 13y agoThe first since it's is the new bit of information. The valuation is then implied since the number of shares is already known.