Hit The Bid

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Dictionary Says

Definition of 'Hit The Bid'

A buzzword used to describe an event where a broker agrees to sell at a bid price quoted by another broker. The broker is ultimately agreeing to sell a given stock at the highest price that another broker is willing to buy at.
Investopedia Says

Investopedia explains 'Hit The Bid'

For example, suppose a dealer is asking $20 for a particular security and another dealer's bid price for that same security is $19. If the dealer selling the security for $20 agrees to sell at the other dealer's bid price of $19, they are said to "hit the bid".

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'Hit The Bid'

  • The Basics Of The Bid-Ask Spread

    http://www.investopedia.com/articles/trading/121701.asp
    ... All orders are marked electronically. It is important to note that when a firm posts
    a top bid or ask and is hit by an order, it must abide by its posting. ...

  • Yahoo! Finds It Can't Un-Hit The Iceberg

    http://stocks.investopedia.com/stock-analysis/2011/Yahoo-Finds-It-Cant-Un-Hit-The-Iceberg-YHOO-GOOG-MSFT-P-AOL-AAPL-IBM0908.aspx
    ... Finds It Can't Un-Hit The Iceberg. ... in January 2009, did they charge her with the
    job of justifying their decision to reject the $45 billion bid from Microsoft ...

  • Compellent Takes A Tough Bid

    http://stocks.investopedia.com/stock-analysis/2010/Compellent-Takes-A-Tough-Bid-DELL-CML-HPQ-IBM-EMC-NTAP1213.aspx
    ... will not be livid at the idea that Compellent would even consider a bid that is ... large
    part by buyout expectations, it is very difficult to see a stock hit a 52 ...

  • Profiting From The High Life

    http://stocks.investopedia.com/stock-analysis/2010/Profiting-From-The-High-Life-BIDTTMFOSLWYNN0303.aspx
    ... Sotheby's Profits Noted fine art auction house Sotheby's (NYSE:BID) recently reported
    the ... The company's shares recently hit a new high following the release of ...

  • Water Cooler Finance: Goodbye 2010 (And Good Riddance?) ...

    http://financialedge.investopedia.com/financial-edge/0111/Water-Cooler-Finance-Goodbye-2010-And-Good-Riddance.aspx
    ... profile channel to hit the airwaves in years. (Learn about Oprah's power over the
    markets in Measuring The Oprah Effect.) A Big Iron Bid ArcelorMittal (NYSE:MT ...

  • How To Avoid Closing Options Below Intrinsic Value

    http://www.investopedia.com/articles/optioninvestor/04/120804.asp
    ... Now you have the best price and the quote will move to $5.30 on the bid and $5.90
    on the ask. If you get hit at $5.30, you can sell the stock and make a quick ...

  • Heavy Volume Movers For October 10

    http://stocks.investopedia.com/stock-analysis/2008/Heavy-Volume-Movers-For-October-10-WB-M-INFY1010.aspx
    ... continues to slow and consumers cut their overall spending hit by a ... Predict The Future?)
    Infosys Technologies abandons Axon Group Bid Infosys Technologies ...

  • Corporate Kleptocracy At RJR Nabisco

    http://www.investopedia.com/articles/stocks/09/corporate-kleptocracy-rjr-nabisco.asp
    ... It took a huge hit in the 1987 crash, dipping from around $70 to the low $40s. Johnson
    believed that the bad publicity of ... Johnson's team upped its bid to $92. ...

  • Top 8 Ways Lose Money On Bonds

    http://www.investopedia.com/articles/bonds/08/lose-money-bonds-losses.asp
    ... notch be chipped from an issuer, its bonds will take a significant hit. ... pricing
    information - specifically, information about the all-important bid/ask spread. ...

  • How Brokers Can Avoid A Market-Maker's Tricks

    http://www.investopedia.com/articles/financialcareers/06/mmakertricks.asp
    ... a big block of stock, and quickly sell their shares at the bid price (which ... If that
    market maker is getting "hit" with orders, he may sell 1,000 shares at $10.25 ...

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