Above the Market

Above the Market

Describing an order to buy or sell a security at a price substantially lower (for a buy order) or higher (for a sell order) than the current market price. An above the market order is unlikely to be filled until the market price moves closer to the order's designated price. For example, one makes an above the market order when one makes a bid to buy a stock at $22 per share when the market price for a stock is $30 per share.
References in classic literature ?
For some reason the cost of fodder for cattle in the yards was much above the market price-- and you were not allowed to bring your own fodder
89 percent above the market median, while for Tier 2 employees, those benefit costs were 76.
In the latest weekly report, the world's leading ship buyer said that "several eye-catching market vessels were concluded this week, especially a couple of large LDT dry bulk vessels that were fixed at levels well above the market, as these owners perfectly timed and exploited a feverish demand for single skin capesize bulkers/VLOCs, particularly from a resurgent Bangladeshi market.
The fund aims to generate positive return over and above the market return through active management of issuer selection, industry exposure and fixed income asset allocation.
It is illegal in Brazil to sell tickets above the market value.
Nationalisation has also played a major role, with Kuwaiti citizens paid some 30 per cent above the market average, the consultancy
According to the strategy, growth in cloud services and wireless broadband will enable Rostelecom to grow in line with the Russian telecom market (at an expected CAGR of around 6% in 2013-2017) or slightly above the market.
Traders said the state refiner's premium for next year was way above the market and has even prompted some potential buyers to drop out of the talks.
As of Friday's close on MICEX, these prices are 126% above the market quotes for Kubanenergo and 10% and 12% above the market for Tomsk DC's ordinary and preferred shares, respectively.
A new enzyme for production of second-generation biofuel could push Novozymes above the market for biofuel enzymes in 2012, the CFO added.
Societe Generale's estimates for the company's third-quarter results are above the market consensus both in terms of revenues and EPS.