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Monday, June 03, 2019 8:51:22 PM
Since the market price of shares of a publicly-listed company keeps changing with each passing second, the market cap also fluctuates accordingly. The number of outstanding shares also change over time. However, changes to the number of outstanding shares are infrequent, and the figure changes only when the company goes for certain corporate actions like issuing additional shares, exercising employee stock options (ESO), issuing/redeeming other financial instruments, or buying back its shares under a share repurchase program. Essentially, the changes in market cap are largely attributed to the share price changes, though investors should keep an eye on corporate-level developments that may change the number of outstanding shares once in a while.
source:
https://www.investopedia.com/investing/market-capitalization-defined/
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