Hanna has 100 shares of Barnes,Inc.,which she purchased for $23 has been rising recently and is currently selling for $25 a share.She places an order with her broker to sell her Barnes shares when the price reaches $26.50 a share.This is an example of a ____ order.

Question

Quizplus · Accepted Answer

Hanna's order is a limit order because she is setting a specific price at which she wants to sell her shares. A stop order would be used to automatically sell her shares if the price falls to a certain level, while a market order would be used to sell her shares immediately at the current market price. A month order is not a type of stock order.

Hanna Has 100 Shares of Barnes,Inc