Question

Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance of the company, so she tells her broker to buy 100 more shares but to pay no more than $33 a share. suri just issued her broker a ____________.

Answer 1

Given that Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance of the company, so she tells her broker to buy 100 more shares but to pay no more than $33 a share.

Suri just issued her broker a limit order.

A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.