Terry bought a stock three years ago for $$6$ a share. Today, June $22,$ the stock is selling for $$72$ a share. Terry is afraid that the price will fall and does not want to lose his profits so he places a stop$-$loss order to sell at $$70$ on a good $$til cancelled basis. The stock sells between $$71$ and $$75$ throughout the remainder of the day on June $22.$ On the morning of June $23,$ the stock opens at $$9$ a share based on rumors of a possible bankruptcy due to inappropriate accounting procedures. Which one of the following statements is true concerning this situation?

Group of answer choices

Terry$$s stock was sold for $$71$ because it was above the stop$-$loss price.

Terry$$s stock was sold for $$9$ a share causing him to lose most of his profits.

Terry still owns his shares of stock since his order was never executed at the $$70$ price.

Terry was able to sell his stock for $$70$ a share thereby protecting his profits.