Lecture Notes on Mishkin Chapter 7: Addendum
(How to Read Stock Market Tables)
Econ 353: Money, Banking, and Financial Institutions

Last Updated: 17 January 2011

Latest Course Offering: Spring 2011

Course Instructor:

Professor Leigh Tesfatsion

tesfatsi AT iastate.edu

Econ 353 Web Site:

http://www.econ.iastate.edu/classes/econ353/tesfatsion/

Reading Stock Market Tables: Illustration

From the New York Times Stock Market Data Report: Illustration

The stock market information reported below is for the Ford Motor Company taken from the New York Times (NYT) on two separate days approximately eleven years apart. For clarity, the information reported in the NYT newspaper in a single line is here broken up into two separate lines.

NYT Newspaper: 17 February 1999

   52 weeks                       Yld         Sales
  Hi      Lo      Stock      Div   %   PE     100s

66 1/2  35 5/8    Ford s    1.84  3.2  12    27980
                                            (27.98M)

NYT On-Line: 11 October 2010 (3.4B Shares Outstanding)

   52 weeks                      Yld          Sales
  Hi      Lo     Stock     Div    %    PE   (millions)

 14.57   6.81    Ford     No Div  --   9.1    31.5M

• 52 Weeks Hi and Lo = Highest and lowest share price achieved by the stock over the past 52 weeks

• Stock=Stock name (s -> stock split by at least 20% over past year)

• Div = Annual cash dividend per share (in dollars)

• Yld % = Yield % = (annual cash dividend per share)/(yesterday's closing stock price)

• PE = Price-Earnings Ratio = (Current stock price)/(Current annual earnings per share)

• Sales (or Volume) 100s = Volume of shares traded yesterday (in 100s)

NYT Newspaper: 17 February 1999:

    Hi        Lo       Last      Change

 58 11/16   56 1/2    57 7/16    - 7/16

NYT On-Line: 11 October 2010 (3.4B Shares Outstanding)

  Hi        Lo       Last      Change

 13.72     13.28     13.66      +0.18

• Hi = Highest Price at which the stock traded yesterday

• Lo = Lowest Price at which the stock traded yesterday

• Last = Stock price at the final trade of the day yesterday

• Change = Difference between previous two quoted "Last" prices

Copyright © 2011 Leigh Tesfatsion. All Rights Reserved.