1. use the stock bar chart below to answer each of the following questions.\n• on what date did the stock…

1. use the stock bar chart below to answer each of the following questions.\n• on what date did the stock close at a price higher than it opened?\n• what was the days high price on april 29?\n• what was the days close on may 2?\n• what was the approximate net change from april 30 to may 1? express that net change as a monetary amount and as a percent to the nearest tenth.\n• approximately how many fewer shares were traded on april 28 than on may 2?

1. use the stock bar chart below to answer each of the following questions.\n• on what date did the stock close at a price higher than it opened?\n• what was the days high price on april 29?\n• what was the days close on may 2?\n• what was the approximate net change from april 30 to may 1? express that net change as a monetary amount and as a percent to the nearest tenth.\n• approximately how many fewer shares were traded on april 28 than on may 2?

Answer

Explanation:

Step1: Identify up - days

In a stock bar chart, if the top of the bar (closing price) is higher than the bottom of the bar (opening price), the stock closed higher than it opened. By observing the chart, we see that on May 2, the closing price is higher than the opening price.

Step2: Find April 29 high price

Locate the bar for April 29. The highest point of the bar represents the day's high price. By looking at the vertical scale, the high price on April 29 is 680.

Step3: Determine May 2 close

Locate the bar for May 2. The top of the bar represents the closing price. The closing price on May 2 is 675.

Step4: Calculate net - change

Let the closing price on April 30 be $P_1 = 665$ and the closing price on May 1 be $P_2=655$. The monetary net - change is $\Delta P=P_2 - P_1=655 - 665=- 10$. The percent change is $\text{Percent change}=\frac{\Delta P}{P_1}\times100=\frac{655 - 665}{665}\times100=\frac{-10}{665}\times100\approx - 1.5%$.

Step5: Estimate share difference

Let the volume on April 28 be approximately 20,000 and the volume on May 2 be approximately 50,000. The difference in the number of shares traded is $50000 - 20000 = 30000$.

Answer:

  • The stock closed at a price higher than it opened on May 2.
  • The day's high price on April 29 was 680.
  • The day's close on May 2 was 675.
  • The monetary net - change from April 30 to May 1 was - 10, and the percent change was approximately - 1.5%.
  • Approximately 30,000 fewer shares were traded on April 28 than on May 2.