You want to sell your 100 shares of RBC stock at the going market price after the stock reaches a price of $34 a share. You should place a ___________ order.

Question

Quizplus · Accepted Answer

A stop order is used to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. In this case, placing a stop order at $34 would trigger the sale of the shares once the stock reaches or exceeds that price.

You Want to Sell Your 100 Shares of RBC Stock