closing sale

Closing sale

A transaction in which the seller's intention is to reduce or eliminate a long position in a stock, or a given series of options.

Closing Sale

1. Any transaction that closes a position, especially a long position.

2. An option buyer's sale of a second option that cancels out the provisions of the previous option by having the same provisions.

closing sale

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Some 657,000 bargain hunters flocked to the store during its 25-day closing sale, including 20,000 Sunday, spending 2.
5% from a year earlier, but the rise is attributed to a closing sale at a major retail outlet, an industry association said Tuesday.
7% benefit from 42 stores that were liquidated earlier in the year in connection with store closing sale events.
375% Notes became convertible because the closing sale price of Hilton's common stock for at least 20 consecutive trading days during the 30 consecutive trading day period ending on the last trading day of the calendar quarter ended December 31, 2006 was greater than 120% of the conversion price in effect on such last trading day.
9% benefit from 40 stores that had been liquidated by the end of August in connection with store closing sale events and two other stores that closed earlier this month.
9% benefit from 40 stores that have now been liquidated in connection with store closing sale events.
5% benefit from stores that are being liquidated in connection with store closing sale events.
The Company anticipates receiving gross proceeds from this offering of approximately $208 million, based on yesterday's closing sale price of the Company's common stock of $17.
50, (b) 92% of the average closing sale price of SBE's common stock over a five-day period preceding the closing and (c) 95% of the closing sale price of SBE's common stock preceding the closing.
It shows that it is very challenging closing sales in this current environment," said Kim Heddinger, outgoing president of the Eugene Association of Realtors.
Some 10% more brokers reported closing sales at or above asking price compared to what brokers reported in the second quarter of 2010.
A salesperson should really do just the opposite: spend the most time closing sales with the easiest-to-close prospects.