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DallasDude

05/08/18 9:15 AM

#14289 RE: dee13 #14288

In the simplest sense, PUMA has a pending sell order from someone who wants $15 per share. Unless the price gets to that point, it wont be executed.

That may be an investor who thinks it might hit that price and who wants to be sure that his sell order is executed at that price or better.

See here for more info on trade types:
https://www.investopedia.com/university/intro-to-order-types/limit-orders.asp