Gloria bought ABC stock on March 4, 2014, at a price of $5.87 and then quickly sold it on March 19, 2014, at $11.20. Gloria is classified as a speculator.

Name: Gloria bought ABC stock on March 4, 2014, at a price of $5.87 and then quickly sold it on March 19, 2014, at $11.20. Gloria is classified as a speculator.
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Question

Quizplus · Accepted Answer

Gloria's quick purchase and sale of the stock indicates speculation rather than long-term investment.

Gloria Bought ABC Stock on March 4, 2014, at a Price