Article
Have Stock Prices become more Uniformly Distributed?
Economics Bulletin
(2019)
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.
Disciplines
Publication Date
May 31, 2019
Citation Information
Ahmed S. Baig, Nasim Sabah and Drew Winters. "Have Stock Prices become more Uniformly Distributed?" Economics Bulletin Vol. 39 Iss. 2 (2019) p. 1242 - 1250 Available at: http://works.bepress.com/nasim-sabah/2/