Lecture Notes on Mishkin Chapter 7: Addendum
(How to Read Stock Market Tables)
Econ 353: Money, Banking, and Financial Institutions

Last Updated: 26 August 2007

Latest Course Offering: Fall 2007

Course Instructor:

Professor Leigh Tesfatsion

tesfatsi AT iastate.edu

Econ 353 Web Site:

http://www.econ.iastate.edu/classes/econ353/tesfatsion/

Reading Stock Market Tables: Illustration

From the New York Times (Feb 17, 1999):
New York Stock Exchange report on yesterday's trades for the Ford Motor Company

Note:For clarity, the information reported in the newspaper in one line across is here broken up into two separate lines:

   52 weeks                       Yld        Sales
  Hi      Lo       Stock     Div   %   PE     100s

66 1/2  35 5/8    Ford s    1.84  3.2  12    27980

• 52 Weeks Hi and Lo = Highest and lowest share price achieved by the stock over the past 52 weeks

• Stock = Stock name (s = the stock split by at least 20% over the past year)

• Div = Annual cash dividend per share (in dollars)

• Yld % = Yield % = (annual cash dividend per share)/(yesterday's closing stock price)

• PE = Price-Earnings Ratio = (Current stock price)/(Current annual earnings per share)

• Sales (or Volume) 100 = Volume of shares traded yesterday (in 100s)

   Hi        Lo       Last      Change

58 11/16   56 1/2    57 7/16    - 7/16

• Hi = Highest Price at which the stock traded yesterday

• Lo = Lowest Price at which the stock traded yesterday

• Last = Stock price at the final trade of the day yesterday

• Change = Difference between previous two quoted "Last" prices

Copyright © 2007 Leigh Tesfatsion. All Rights Reserved.