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

Carol Fisher should place a stop order. A stop order is an order to sell a stock when it reaches a certain price level, known as the stop price. In this case, Carol wants to sell her stock when the market price reaches $50 per share, so she should place a stop order with a stop price of $50. The order will then be executed at the next available price after the stop price has been reached.

Carol Fisher Wants to Sell the Stock of Hathaway International