northeastern Ohio | I've never traded stocks before, so please excuse my ignorance. I signed up with Scottrade last month and purchased a few stocks. One of those stocks is CFNB (California First National Bank). I purchased at $15.03. Today it is listed at $16.21 on the board. The Scottrade report pictured below shows BID at $15.51 and ASK at $16.25.
Does this mean that if I buy more today it would cost $16.25 per share? If I sell, do I only get $15.51?
Why is there such a wide spread on this stock?
I also have some CTB (Cooper Tire) stock. Listed at $15.21. Bid is $15.19 and Ask is $15.21. This is a much narrower range. What determines this range?
Thanks.
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