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Sometimes traders with large positions slap the ask

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Hank Chinaski Member Profile
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Hank Chinaski Member Level  Sunday, 09/24/17 11:35:36 PM
Re: Giantsgal22 post# 4864
Post # of 4995 
Sometimes traders with large positions slap the ask with a small order just to raise the ticker price up a tick, especially in the final seconds of trading. That last trade makes the stock look better for the opening bell the following morning, and the ask may end up being one tick higher for the next opening bell. I see it all the time. Some brokers charge commissions based on the amount of shares bought, so people aren't necessarily paying $6.99 in commissions for a tiny trade like that

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