HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Can anyone elaborate on stock price movement for me? +++
There is a particular stock that today has dropped over $13 at the moment. I'm trying to understand why.
The volume traded today is just over 12 million shares.
But the total held long is currently over 181 million and the total short is only 7 million.
I don't recall what those totals were yesterday.
So as a percentage, if my math is right, that is a trade volume of around 6% of what is currently held.
If you assume all the total traded today was sold instead of purchased, then for every 1 million shares sold, price dropped over $1? But it is hardly likely that 100% of the shares traded today were sold?
So...
Any insight on price movement?
And I'm not asking specifically about this film. I've noticed similar behavior with other stocks where there is no news and a major drop in price with only a minor amount of shares traded.
Can anyone elaborate on stock price movement for me? +++ May 22, 12:54
Will give it a try .... May 22, 13:12
I do see on this one that the predecessor underperformed which does suppress expectations on this one, however on another+++ May 22, 13:29
IPOs in general tend to have large fluctuations in prices for the 1st few weeks or more {nm} May 22, 19:33
'The Brakes are off now" is an incorrect assumption. {nm} May 22, 14:56
Prices move base on Today's Change, not on Shares are Held. {nm} May 22, 14:37
I meant Today's Trading Volume. {nm} May 22, 14:38
I understand that...only referenced shares held to demonstrate % of today's trading volume...I was trying to understand++ May 22, 14:47
There's no correlation. Movement is based on shares traded, not shares held. {nm} May 22, 14:50
Now THAT is an interesting piece of news...perhaps it's 'old' news... but not to ME. :-) {nm} May 23, 08:00