You place a stop-loss order at $78. The current share price is $82. The stock price drops the next day to $75. What is the best price you could receive for your stock?

Question

Quizplus · Accepted Answer

When a stop-loss order is triggered, in this case at $78, the stock is sold at the next available price. Since the stock price dropped to $75 before the order could be executed, the best price you could receive is $75.

You Place a Stop-Loss Order at $78