Stock Market Packet

NAME_________________________________ CLASS TIME 9:30   11:00
The stock market is at the center of the United States economy. Even if you have no money in the stock market it does still affect you. You will track your stock over the course of the semester, so keep this packet handy. We will use the data that you collected (and sent yourself on WebCT) and the graph that you printed out, so continue to bring this packet to class for the rest of the semester.
Total "Purchase" Price on 9/23 Copy the following info from your stock market and Homer Tax lab (see attached):
  • What is your stock symbols name?
  • What does this symbol stand for?
  • What is the total you spent to purchase your stock on Monday 9/23 (Ask price x 100 + commission fee)? SHOW WORK!

    Stock Update - "What if" I sell today? Go to finance.yahoo.com, and enter your symbol in and then hit the "Get" key. Then click on "Chart" (just under the symbol), and then scroll down past the graph to the chart.

  • What is your Bid price? If you don't see a bid price:(if you did go instead to the next bolded "dot" question below) Note that if the market is closed, or if your stock does not have 4 letters, then you may see n/a next to bid and ask. Each stock does have bid/ask prices, but only the Nasdaq stocks are publicly available (you could get the others by having an account at e-trade, or by asking a stock broker, but that is too complicated for now.)
    So, ONLY if you don't already have a Bid price, then take the Last Trade price and write that down here.
    Your bid price will be the Last Trade price -.125, so now fill in your bid price above. Show work.
  • Note that the Bid price is a price per share. We want to know what happens if we were to "sell" our 100 shares. But this isn't the total cost, since we must also pay a commission fee. The following is from e-trade. Circle the one that applies to your stock
    Nasdaq (4 letter name): 19.95                    Other: 1, 2 or 3 letter name: 14.95
    You pay these fees each time you buy or sell. They may seem high, but standard commission fees were a couple of hundred dollars before the (relatively recent) advent of internet trading sites.
  • What is the total money you will get back if you sell your shares today? Note that we must pay the commission fee again, so we get that much less back. (Bid price x 100 - commission fee)? SHOW WORK!

  • UPDATE #1 What would your total gain be (total money you would get back if you sold your shares today - total you spent to purchase the stock on Monday 9/23)? If the answer is negative, leave that in, since that indicates a loss. SHOW WORK!

  • Write down today's date.
    We will do periodic updates throught the semester. I will let you know when to fill in the following.
  • UPDATE #2 Use the directions to calculate the "total money you will get back if you sell your shares today" using today's Bid price. What would your total gain be (total money you would get back if you sold your shares today - total you spent to purchase your stock on Monday 9/23)? If the answer is negative, leave that in, since that indicates a loss. SHOW WORK!



  • Write down today's date.
  • UPDATE #3 Use the directions to calculate the "total money you will get back if you sell your shares today" using today's Bid price. What would your total gain be (total money you would get back if you sold your shares today (Bid price x 100 - commission fee) - total you spent to purchase your stock on Monday 9/23)? If the answer is negative, leave that in, since that indicates a loss. SHOW WORK!



  • Write down today's date.
  • UPDATE #4 Use the directions to calculate the "total money you will get back if you sell your shares today" using today's Bid price. What would your total gain be (total money you would get back if you sold your shares today (Bid price x 100 - commission fee) - total you spent to purchase your stock on Monday 9/23)? If the answer is negative, leave that in, since that indicates a loss. SHOW WORK!



  • Write down today's date.
  • UPDATE #5 Use the directions to calculate the "total money you will get back if you sell your shares today" using today's Bid price. What would your total gain be (total money you would get back if you sold your shares today (Bid price x 100 - commission fee) - total you spent to purchase your stock on Monday 9/23)? If the answer is negative, leave that in, since that indicates a loss. SHOW WORK!



  • Write down today's date.
  • UPDATE #6 Use the directions to calculate the "total money you will get back if you sell your shares today" using today's Bid price. What would your total gain be (total money you would get back if you sold your shares today (Bid price x 100 - commission fee) - total you spent to purchase your stock on Monday 9/23)? If the answer is negative, leave that in, since that indicates a loss. SHOW WORK!



  • Write down today's date.