Odd-Lot Sales

Odd-Lot Sales

Sales of securities in quantities of fewer than 100 shares. In general, most investors who make odd-lot sales are small investors. Because some investors consider small investors poorly informed and therefore wrong most of the time, they believe a large number of odd-lot sales may be a sign that stock prices will soon fall.
References in periodicals archive ?
Today odd-lot sales are just as likely to be made by professional traders as by individuals.
Lakonishok and Maberly find that the ratio of odd-lot sales minus odd-lot purchases divided by New York Stock Exchange (NYSE) trading volume was highest on Mondays indicating that individual investors sell more shares on Monday than on any other day of the week and therefore appear to have more influence on the market on Mondays.
They observe that the ratio of odd-lot sales to odd-lot purchases is dramatically higher at the close of the year relative to the beginning of the subsequent year.
I am confident that this program is benefiting both the individual shareholder and the company, as a whole, as many small shareholders were not selling their positions due to the high brokerage fees associated with odd-lot sales.
Forest Oil Corporation (Forest) (NYSE:FST) announced today that it has commenced a voluntary odd-lot sales program through which shareholders beneficially owning an aggregate of 99 or fewer shares of Forest common stock may elect to sell all of their shares to Forest.
announced today an odd-lot sales program pursuant to which those stockholders who, as of Sept.
1, 1993, its odd-lot sales program for stockholders owning fewer than 100 shares of Occidental common stock.
2 /PRNewswire/ -- One of the largest and most successful odd-lot sales and purchase programs ever has been completed by The Equitable Companies Incorporated (NYSE: EQ).
The odd-lot sales and purchase program provided policyholders- turned-shareholders who owned fewer than 100 shares with the opportunity to round out their common stock holdings with no commission charge.
These exciting results make this by far the most successful odd-lot sales and purchase program that First Chicago -- a leader in this field -- has ever conducted for a client," said Joseph D.
today announced an odd-lot sales program for stockholders owning fewer than 100 shares of Occidental common stock.
The offer is being made as a convenience to odd-lot holders who desire to sell but have not done so because of brokerage commissions and transfer taxes associated with odd-lot sales.