1. HOW TO READ A STOCK QUOTATION, TERMS AND DEFINITIONS Interpreting Stock Data

2. Example of Internet Stock Quotation

3. Terms Opening Price Opening Price  The first price paid after trading starts  Usually when the stock exchange opens for trading in the morning  Sometimes higher or lower than closing price the previous day Ask Price Ask Price  Price you will pay for the stock

4. Terms Bid Price Bid Price  Price you will get if you sell your stock Spread Spread  Difference between the bid price and the ask price Last Trade Last Trade  The time and price of the last trade made for the stock

5. Terms Net change Net change  Price difference from the current price to the last trade price Change Change  The change in price for the day  Difference between the last trade and the previous day’s closing price  Trade reported as “0” is stock has not traded that day

6. Terms Bid Size/Ask Size Bid Size/Ask Size  Represents the number of shares a buyer is willing to purchase for the bid or ask price Prev Close Prev Close  Closing price for the trading day prior to the last trade reported

7. Terms Vol Vol  The volume of trading (number of shares) Avg Vol Avg Vol  Average Daily Volume  The monthly average of the cumulative trading volume during the last 3 months divided by 22 days

8. Terms Div Date Div Date  Dividend Pay Date  The date on which the dividend was last paid, or the date on which the next one will be paid Div/Shr Div/Shr  Dividend Per Share  Annual dividend per share of stock as reported by the company

9. Terms Yield Yield  Annual dividend per share divided by the previous closing stock price as a percentage (%) (multiplied by 100)

10. Terms EPS EPS  Earnings Per Share stated for the most recent 12 months  Calculated by dividing earnings by the average number of shares of common stock outstanding during the period  Increase in earnings per share is a good sign

11. Terms P/E P/E  Price to Earnings Ratio  Number is the previous closing price divided by the earnings per share  Reflects the value the market has placed on a stock  Low P/E indicates that a stock may be a good investment  High P/E tells you stock may be a poor investment  Company has little earnings when compared to the price of stock

12. Example of Internet Stock Data 2015