Question

Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the same?

Answer 1

I think that the current price for each share would be $18.20 if the total value went down to $291.20.

Answer 2

So it looks like when Alan initially purchased his company stock, the price per share was $24.40 ($390.40/16).
Being that the stock has fallen, the stock price is now $18.20 ($291.20/16).

Hope this helps.