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if a Wall Street Journal quotation for a company has the values close = 55.14 and...

if a Wall Street Journal quotation for a company has the values close = 55.14 and net change equals = +1.04, then what was the closing price for the stock for the previous trading Day?
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Answer #1

Closing Price can be defined as the value of a stock at the end of the trading day in the stock market.

So, the closing price of the previous day can be be found by deducting the net change in the price

Previous Trading Day Closing Price = Today's Closing Price - Net change

= 55.14 - (+1.04) = 54.10.

Answer = Previous Trading Day Closing Price = 54.10

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