I've noticed a few strange things going on with some stocks, in that they are sometimes quoted to 3 or 4 decimal places even though they trade in pennies.
For example, on 6/23 here's a few data points that seem strange:
NYSE:NFG: Open: 58.045
NYSE
AI: Open: 67.5514
AMEX
BE: High 17.564
NYSE:CCK: High: 27.5575
AMEX:XLB: Low: 43.1801
AMEX:XLV: Low: 30.209
NASDAQ:IFGL: Close: 38.821
NASDAQ:NGA: Close: 8.852
NYSE: F (PR S): Close: 29.765
It seems that most web sites (yahoo, google finance etc.) round or truncate this date to two decimal places though...
It's different securities every day that exhibit this issue, so doesn't seem limited to certain securities.
Can anyone explain how/why these securities are trading at different increments to the rest of the market?
For example, on 6/23 here's a few data points that seem strange:
NYSE:NFG: Open: 58.045
NYSE
AI: Open: 67.5514AMEX
BE: High 17.564NYSE:CCK: High: 27.5575
AMEX:XLB: Low: 43.1801
AMEX:XLV: Low: 30.209
NASDAQ:IFGL: Close: 38.821
NASDAQ:NGA: Close: 8.852
NYSE: F (PR S): Close: 29.765
It seems that most web sites (yahoo, google finance etc.) round or truncate this date to two decimal places though...
It's different securities every day that exhibit this issue, so doesn't seem limited to certain securities.
Can anyone explain how/why these securities are trading at different increments to the rest of the market?