The price of MacTek's stock on the NYSE has dropped dramatically in the past month. While this might be bad news for some shareholders, MacTek's top management is unlikely to be concerned, because trades on the NYSE are part of the secondary market.

Question

Quizplus · Accepted Answer

While it's true that trades on the NYSE are part of the secondary market and do not directly affect the capital MacTek initially raised, the stock price is a reflection of the company's perceived value and can impact its ability to raise future capital, affect its market reputation, and influence the morale of employees and stakeholders, including top management.

The Price of MacTek's Stock on the NYSE Has Dropped