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So, I thought I understood the concept of the bid/ask spread, but I am wondering why the price ($48.44) is higher than the Ask ($48.42 x 4100). Perhaps the Price and the spread are not necessarily related? I know this is a pretty simple question, but I cannot seem to find anything online beyond a 'Basic' explanation of the spread. TIA
BC
Can you help answer these questions from other members on NexusFi?
When you mentioned last price has nothing to do with bid/ask I thought I was missing something, but really what we're saying is that if we're buying or selling we expect to do so within the current bid/ask, in other words it works like in the futures (last time I watched a L2 stock was 2014 I think).
Depending on the stock's liquidity/frequency of trades, the last price traded may no longer be in sync with the bid/ask which in the meantime has moved.
