Have Stock Prices become more Uniformly Distributed?

Ahmed Baig (), Nasim Sabah () and Drew Winters ()
Additional contact information
Ahmed Baig: Lahore University of Management Science
Nasim Sabah: Framingham State University
Drew Winters: Texas Tech University

Economics Bulletin, 2019, vol. 39, issue 2, 1242-1250

Abstract: We find that: (1) prices cluster on 0¢ and 5¢, (2) prices cluster at the close and intraday, (3) intraday prices cluster more than closing prices with the difference increasing through time, and (4) price clustering declines with time. Our results suggest several paths for future research.

Keywords: price clustering; intra-day clustering; round prices; time (search for similar items in EconPapers)
JEL-codes: G1 (search for similar items in EconPapers)
Date: 2019-05-31
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2019/Volume39/EB-19-V39-I2-P118.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-19-00450

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().