What is a 'Quote'

A quote is the last price at which a security or commodity traded, meaning the most recent price on which a buyer and seller agreed and at which some amount of the asset was transacted.

2. The bid or ask quotes are the most current prices and quantities at which the shares can be bought or sold. The bid quote shows the price and quantity at which a current buyer is willing to purchase the shares, while the ask shows what a current participant is willing to sell the shares for.

This is also known as an asset's "quoted price".

BREAKING DOWN 'Quote'

1. Quotes for stock and bond prices change throughout the trading day as new transactions occur one after another in a continual stream of trades. When you look up a stock quote for a given company, you are looking at the most recent price at which a trade was successfully executed for that particular security.

2. Potential investors or sellers in a company are more concerned about the bid and ask quotes as they reflect at what prices the stock can be bought or sold, while the price quote as defined in the first definition shows the price at which the stock traded most recently.

RELATED TERMS
  1. Firm Quote

    A price quote on a security, made by a dealer or market maker, ...
  2. Quoted Price

    The most recent price at which an investment (or any other type ...
  3. Bid Price

    The price a buyer is willing to pay for a security. This is one ...
  4. Level 3

    A trading service consisting of everything in Level 2, plus the ...
  5. Bid And Asked

    A two-way price quotation that indicates the best price at which ...
  6. Indicative Quote

    In forex trading, a currency quote that is provided by a market ...
Related Articles
  1. Insights

    Stock Quotes Explained

    Curious about how stock quotes are compiled and what a trader should know about how? Read on.
  2. Investing

    How Bid Price Affects Liquidity

    The bid price is the amount a buyer will pay for a security.
  3. Investing

    Negotiating the Bid

    A bid is an offer investors make to buy a security.
  4. Investing

    Understanding Gold Quote Prices

    Willing to trade gold but puzzled by gold price quotes and terminology? Investopedia explains how to read gold price quotes.
  5. Investing

    What Does Bid And Asked Mean?

    Bid and asked is a two-way price quotation.
  6. Investing

    How To Read A T-Bill Quote

    If you want buy and sell US Treasury bills, you need to learn to read the quotes.
  7. Investing

    Understanding Stock Quotes

    All you need to know about understanding stock quotes.
  8. Trading

    The Basics Of The Bid-Ask Spread

    The bid-ask spread is essentially a negotiation in progress. To be successful, traders must be willing to take a stand and walk away in the bid-ask process through limit orders.
  9. Insights

    A Breakdown on How the Stock Market Works

    Learn what it means to own stocks and shares, why shares exist, and how you buy and sell them.
RELATED FAQS
  1. What do the bid and ask prices represent on a stock quote?

    Learn what the bid and ask prices mean in a stock quote. Find out what represents supply and demand in the stock market and ... Read Answer >>
  2. Why are the bid prices of T-bills higher than the ask prices? Aren't bids supposed ...

    Yes, you are correct that the ask price of a security should typically be higher than the bid price. This is because people ... Read Answer >>
  3. What does the variance between the bid and ask price of a stock mean?

    Find out how stocks are traded in the market, why the bid and ask prices are different and why the bid-ask spread is smallest ... Read Answer >>
  4. I don't understand how a stock has a trading price of 5.97, but when I buy it I have ...

    It might seem logical that the last traded price of a security is the price at which it would currently be trading, but this ... Read Answer >>
  5. What do the numbers that follow the bid and ask numbers in stock quotes represent? ...

    When looking at stock quotes, there are numbers following the bid and ask prices for a particular stock. These numbers usually ... Read Answer >>
Hot Definitions
  1. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  2. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  3. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  4. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  5. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  6. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
Trading Center