Why are prices of specific stocks NOT shown all-day long, when they are traded nonstop?

Why are prices of specific stocks NOT shown all-day long, when they are traded nonstop?

Manage alerts

Loading saved threads...

rantanplanthesecond · External communityPost link
External question — Personal Finance Stack Exchange Author: rantanplanthesecond Original post: https://money.stackexchange.com/questions/124064 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. As far as I have understood, stocks of a company are traded on different stock exchanges all over the world. So lets say stock "Apple Inc" is not traded on New Yorks stock exchange, because it is closed now, then it is traded at european stock exchanges, and if not there at asian stock exchanges, hence nonstop. So why is there no graph for a specific stock of continuous price action?
Quote
Report
chepner · External communityPost link
External answer — Personal Finance Stack Exchange Author: chepner Original post: https://money.stackexchange.com/a/124065 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Shares listed on different exchanges aren't really comparable. Both represent ownership of the same company, but are two distinct "classes" of stock. For example, BP is listed on both the NYSE and the London Stock Exchange. In New York, there are 3.3 billion shares that trade at ~$21 . In London, on the other hand, there are 20 billion shares outstanding, trading at ~£289 ($348). You cannot buy a share on one exchange and sell it on the other. Disclaimer: I have no idea how these multi-exchange stocks work. I only note one example where a company trades on two exchanges, with the stock price clearly reflecting a distinction between the two.
Quote
Report
xirt · External communityPost link
External answer — Personal Finance Stack Exchange Author: xirt Original post: https://money.stackexchange.com/a/124591 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. A company can have: Multiple Classes of Securities, Multiple Listings; and Depository Receipts Multiple Classes For example Berkshire Hathaway has two kinds of shares (Class A and Class B). These are traded on exchanges but they offer the holder different rights and trade at different prices. Multiple Listings Sometimes the same security may be listed on multiple exchanges (i.e. it has the same ISIN number). However the securities will have a different currency. It may be possible to create a chart comparing the two, but it would have to account for currency fluctuations. As foreign currency is traded OTC there is no official exchange rate at a given point in time. Your foreign exchange dealer may have different prices than another. Depository Receipts Another way to list a security of a foreign company on an exchange is to buy a pool of the foreign company's shares, then sell a receipt for those shares on the local exchange. These are sometimes called ADRs meaning Automated Depository Receipts or American Depository Receipts. The holder of the ADR can usually exchange the receipts for shares of the foreign company for a fee. The true test of the equivalence of these different listings is to see if there is a way to inexpensively convert from one to another and back again. It is possible to aggregate the data to draw a chart showing the prices in different markets but one has to factor in the exchange rates and the fact that some exchanges may be less liquid and/or have higher transaction costs. All of these things will add additional complexity and noise, where the benefit does not seem particularly clear. The main reason for multiple listings is to cater for the local market.
Quote
Report

Post Reply

Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: chepner Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/a/124065 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Shares listed on different exchanges aren't really comparable. Both represent ownership of the same company, but are two distinct "classes" of stock. For example, BP is listed on both the NYSE and the London Stock Exchange. In New York, there are 3.3 billion shares that trade at ~$21 . In London, on the other hand, there are 20 billion shares outstanding, trading at ~£289 ($348). You cannot buy a share on one exchange and sell it on the other. Disclaimer: I have no idea how these multi-exchange stocks work. I only note one example where a company trades on two exchanges, with the stock price clearly reflecting a distinction between the two.

Cancel quote

Checking account access…