I have a basic question regarding equities. For this example, assume that I have a quote for KO stock which says the following:
Current Price = $39.00 | Bid = 38.99 x 6800 | Ask = 39.00 x 4300
What do the sizes for the Bid and Ask Quotes (6800 and 4300 respectively) actually represent? Do these sizes have anything to do with NYSE specialists?
Also, just to check my understanding, does the Bid Quote represent the highest price for which an investor is willing to buy a single share of KO?
Does the price in the Ask Quote represent the lowest price for which an investor is willing to sell a single share of KO?