A corporate action that increases the number of securities issued and outstanding, without the issuer receiving any consideration for the issue. Approval by security holders is required in many jurisdictions. Each security holder gets more securities, in direct proportion to the amount of securities they own on the record date; thus, their percentage ownership of the issuer does not change. For example, a two-for-one stock split involves the issuance of two new securities for every old security.
Archives
Sales per Share
Annual sales divided by the number of shares outstanding.
Trading Halt
A trading halt is imposed by the exchange, usually due to the dissemination of news that might impact a stock’s price.
Support Levels
Support levels are levels where a declining stock will find bottom and bounce up from. Supports are formed when a stock breaks above resistance and holds above that level: the old resistance then becomes support. Support levels are also formed when a stock spends a lot of time at one level and then breaks upward. The level that the stock spent most of the time at will most likely act as support. Key moving averages, such as the 18, 50, and 200, also act as support. We like to buy stocks as they bounce upward off of support levels and are backed by good money flow and buying.
Seed Stock
The shares or stock sold by a company to provide start-up capital before carrying out an initial public offering (IPO).
Same Store Sales
Sales at retail stores or restaurants open at least one year. A chain’s same store sales growth excludes gains due to increases in the number of stores. Same store sales growth in the 5 percent to 10 percent range is considered good.
Surprise
Difference between reported earnings and analysts’ consensus forecasts. It’s a positive surprise if reported earnings exceed forecasts, and a negative surprise when reported earnings come in below forecasts.
Stock Symbol
A one-character to three-character, alphabetic root symbol, which represents an issuer listed on Toronto Stock Exchange or TSX Venture Exchange.
Trading Issue
The status of a listed security of an issuer whose trading privileges are active on the Exchange.
Screening
Searching the entire universe of mutual funds or stocks meeting user-specified criteria.