Sales

Services and products sold by a company. Sales and revenues mean the same thing.

Prospectus

A legal document describing securities being offered for sale to the public. It must be prepared in accordance with provincial securities commission regulations. Prospectus documents usually disclose pertinent information concerning the company’s operations, securities, management and purpose of the offering.

Proxy Statement

Material given to stockholders when the corporation solicits shareholder votes. The proxy statement usually contains details on the corporation’s executive compensation plans. 

Public Float

The number of issued and outstanding shares of a company, excluding shares held by persons who, individually or in conjunction with other persons, hold 20% or more of the issuer’s voting securities.

Push-Out

A push-out occurs during a stock split when new shares are forwarded to the registered holders of old share certificates, without the holders having to surrender the old shares. Both the old and new shares have equal value.

Put/Call Ratio

The ratio of put trading volume divided by the call trading volume. For example, a put/call ratio of 0.74 means that for every 100 calls bought, 74 puts were bought. It is a contrary indicator. A reading of 1.0 or more is very bullish as most people think the market is going down. When the majority thinks the market is going to move a certain direction, it usually does the opposite.

Quiet Period

Time after IPO, typically 25 days, when all parties involved in IPO are prohibited from commenting on the company’s future prospects. Analysts employed by underwriters are free to make buy/hold/sell recommendations after the Quiet Period expiration.

Quote

Information on the last trade, and current bid and asked prices. Most quotes are intentionally delayed about 20 minutes.

Rally

A brisk rise in the general price level of the market or price of a stock.