I'm new to wealthsimple app and wanted to know what some numbers mean. If we look at Microsoft stock for example and look at these numbers shown in the app:
Bid $259.87 x 17,481
Ask $259.90 x 10,387
Last sale $259.89 x 0
I know the bid price represents the maximum price that a buyer is willing to pay for a share of stock or other security. The ask price represents the minimum price that a seller is willing to take for that same security. And Last sale is the price of the last transaction some trader did.
But what does the
0 mean? I think it relates to the bid/ask size, but not entirely sure. Does anyone know?