Repeat the questions in exercise 1 for the Childrens Place Retail Stores (symbol is PLCE). Explain how

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Repeat the questions in exercise 1 for the Children’s Place Retail Stores (symbol is PLCE). Explain how the market capitalization and trading volume for PLCE differ from IBM.


Exercise 1

Review the information for the common stock of IBM, using the website http://finance.yahoo.com. Insert the ticker symbol “IBM” in the box and click on “Get Quotes.” The main goal at this point is to become familiar with the information that you can obtain at this website. Review the data that are shown for IBM stock. Compare the price of IBM based on its last trade with the price range for the year. Is the price near its high or low price? What is the total value of IBM stock (market capitalization)? What is the average daily trading volume (Avg Vol) of IBM stock? Click on “5y” just below the stock price chart to see IBM’s stock price movements over the last five years. Describe the trend in IBM’s stock over this period. At what points was the stock price the highest and lowest?

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