Day Trading - but first things first30 Aug 2020 12:12
Hello,
I would appreciate it if someone can explain how the float on stocks/shares are worked out. I hope to Day Trade UK stocks.
I have been going round the bend as I have tried to understand how 'shares outstanding' 'Float' and 'Volume' is calculated. I understand the concepts, but I have looked at FT.com and Yahoo.com. I have tried to calculate the shares outstanding from Yahoo.com internet site. The one figure that is consistent no matter where I look has been the 'Shares Outstanding' for Boohoo is 1.26Bn.
The difficulty then arises when I have tried to verify the Float. Yahoo.com shows a percentage split of shares held by insiders and institutions (23.68% and 44.86% respectively). When I tried to work out and corroborate those details against the FT.com I come out with different figures. The 'Free Float' on the FT.com site stands at 998.59m.
So I implore for someone out there to pick a stock and show me the calculation for arriving at a float for a stock from the UK. I have seen all kinds of calculations but they do not make sense. I really would appreciate any help please, before my mind explodes. I want to know how I would arrive at the float that is available for the public to trade. I have seen many calculations but I am not sure.
Can someone please recommend a good book on Day Trading please.
Thank you all in advance.
Happy Trading!
Kieran