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Steve1978

02/02/21 1:24 PM

#98886 RE: Jdkaps #98884

Well technically we are over a nickel, but all stocks can be sold and bought by investors out to the 4th decimal. Market Makers can use 6 decimals. Hope this helps ... Soon we will be talking about Quarters
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MadBrewer

02/02/21 2:29 PM

#98900 RE: Jdkaps #98884

That's fractions of the dollar ie 1/20th of a dollar= .05

Cheers
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MightyX

02/02/21 2:50 PM

#98902 RE: Jdkaps #98884

Cuz sellers/flippers lost leverage when shares converted to pennies...sellers/flippers working same 5-10-20Million shares day to day, the more micro, the more trades they can do...they like to do a certain volume of trades, no less than a certain number. So partial pennies are necessary.