Carol Fisher wants to sell the stock of Hathaway International at the next available price after the market price reaches $50 per share.What type of order should she place?

Question

Quizplus · Accepted Answer

A stop order is used to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. In Carol's case, she wants to sell the stock after its price reaches $50, so a stop order is appropriate for executing the trade at the next available price after it hits $50.

Carol Fisher Wants to Sell the Stock of Hathaway International