Hi, 

 Is there a way to figure out what percentage of the outstanding stocks were purchased under the closing price of the day? 

Thank You. 

I certainly cannot think of a way to do so.

I'll give an extremely simplified example to demonstrate why.

Let's say you have only 2 prices.... $2 and $3.

On IPO day all outstanding stocks enter the market with half of all transactions are at each price.

On the following day half of the outstanding stocks trade hands again with half of those shares trading at $2 and half of those shares trading at $3.

How many currently outstanding shares were bought at $2 and how many outstanding shares were bought at $3?

The naive answer would be 50% of outstanding shares were bought at $2 and 50% of outstanding shares were bought at $3.

But it is entirely possible that 25% of outstanding shares were bought at $2 and 75% of shares were bought at $3 if only people that bought the IPO at $2 sold shares on day 2.

Or that only 25% of outsanding shares were bought at $3 and 75% of shares were bought at $2 if only people that bought the IPO at $3 sold shares on day 2.

The issue is there is no way to know the original price somebody bought shares at before reselling them later in order to know from which bin of old prices you would need to remove those shares.

Even with that in mind we might be OK with the naive answer in this particular case, but trying to determine what the naive answer might be in more complicated cases is in itself complicated.

About the closest thing I can think of to do would be to take the most recent bars with a total volume equal to outstanding shares and figure out what percentage of that volume was above and below the current price. This isn't actually going to be the correct answer to the question however ever if it can be done in StockFinder (and I'm not sure it can).

I see what you mean. Thanks bruce.

You're welcome.