Question

On May 6, XYZ Corp announced a decrease in earnings, causing their stock price to drop to $47.37. What is the net change in stock price from May 5 to May 6 as a percentage?

a) 2%
b) 4%
c) 6%
d) 8%

Answer 1

The net change in stock price from May 5 to May 6 is -5.26%.

Step-by-step explanation:

To calculate the net change in stock price from May 5 to May 6 as a percentage, you need to find the difference between the two prices and divide it by the price on May 5.

Net change = $47.37 - $50.00 = -$2.63

Percentage change = (Net change / Price on May 5) x 100%

Percentage change = (-$2.63 / $50.00) x 100% = -5.26%

The net change in stock price from May 5 to May 6 is -5.26%.