minus tick

Minus Tick

Designates a trade that occurs at a lower price than the immediately preceding trade. Also referred to as "downtick" or "zero minus tick".

Notes:

Brokerage firms require that short sell orders follow the "tick test", which means that if a stock is trading at a minus tick price (lower than the previous sale), a short sale at that time is not allowed. Generally, short sales are only allowed to occur on an uptick. This rule helps prevent traders from destabilizing a stock's price by short selling on minus ticks.

See also: Downtick, Short Sale Rule, Short Selling, Tick, Tick-Test Rules, Zero Minus Tick, Zero Plus Tick

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Minus tick

See: downtick .

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minus tick

See downtick.