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ABC Technologies, a very volatile stock, closes at $180 per share. Your customer has placed an order to sell 500 ABC at 165 stop limit
ABC Technologies, a very volatile stock, closes at $180 per share. Your customer has placed an order to sell 500 ABC at 165 stop limit 160 GTC. After the close, the company announces bad earnings and the stock opens at 145. What happened to your customer's order?
Select one:
a. None of the below.
b. It has been canceled because the stock price is below the stop price.
c. it has been canceled because the stock price is below the limit price.
d. It has been elected and has become a limit order.
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