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A company's stock price is not "calculated." At the end of the day it merely represents the exact price at which the last transaction took place. The last price of the day is the price of last share or shares that exchanged hands between an buyer and a seller before the 4pm ET close M-F. The price of a company's stock during the day before the 4pm ET close is just the price at which the last transaction took place at that exact moment in time. There is no calculation ever.

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13y ago

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