Thread: Higher price when purchasing then shown?

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  1. #1

    Default Higher price when purchasing then shown?

    I was watching the trends of a certain stock and the price started to fall, so I purchased. The part I do not understand is the stock price showed $17.30, but when I confirmed the purchase, the price was actually $17.43. What would cause this? Does the bid/ask price have anything to do with it? When I looked at the price chart I never saw an influx in the price from $17.30.

    Any insight would be appreciated.
  2. #2

    Default

    It sounds like you put in a "Market" order instead of a "Limit" order. Are you familiar with the difference?
  3. #3

    Default

    No, I am not to be honest. This is only my second day purchasing. I am using robinhood and went through their process of buying.

    Is there any advantages/disadvantages to either?

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