0

On Friday (04-27-2018), I set limit price of $1,627 to sell my Amazon stock around 8 am. When I checked around 10:30 am, I had a notification (Robinhood app) that my order was executed for $1,653! Awesome! But later when I checked to see how high did the stock price had gone, to my surprise, the highest price was around $1638. Can anyone explain how the stock got sold for the price higher than that's on the record?

Improve this question
2

Daily market data reflects trading during regular market hours. AMZN opened at $1,634.01 and climbed to a high of $1,638.10 before trailing off and closing at $1,567.39

It was a different story during pre-market trading. The high of almost $1,660 printed just before 9 AM and I would assume that's about when your order was executed. Check for time and sales on your execution confirm.

Here's a graph of AMZN for 4/26 to 4/27 that includes pre and after market trading:

http://thestockmarketwatch.com/stock/premarketQuote.aspx?stock=AMZN

Improve this answer
  • Yes, my order was executed at 9:01 am. That explains, thank-you. – anish Apr 28 '18 at 23:47
  • 1
    After reading your post again, I now realize that you set a limit price of $1,627 to sell your shares. From the graph I provided, you can see that AMZN hit that price around 8:30 and kept rising. You got a fill 1/2 an hour later at $1,653. That's a darn good fill but leads me to wonder how effective Robinhood is at placing orders in a timely fashion (you should have been executed sooner and at a lower price). I'm sure there will be no complaints lodged against them by you ;->) – Bob Baerker Apr 29 '18 at 18:54
1

In addition to the point about market data reflecting trading activity during normal market hours, note that Robinhood may allow trading outside those hours. Per Robinhood's Extended Trading Hours support page:

With extended hours trading, you’ll be able to trade:

  • Pre-Market opens 30 minutes earlier starting at 9:00AM EST
  • After-Hours continues for 120 minutes (2 hours) until 6:00PM EST

So, traders with this service can execute trades as early as 9am. Since your limit price was met/exceeded at that time, you got the corresponding pre-market price (or quite close to it)

Improve this answer

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.