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Closing d orders can also be submitted modified or cancelled up to 3 59 50 p m.
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What happens when the ceiling price or floor price is hit.
This extra stock allows a retail business to resupply store shelves and display counters in between reorder deliveries.
This simply means a stock s price compared to its previous closing price is limited from rising more than 50 ceiling price and from declining more than 50 floor price during a given trading day.
Trading continues but the price can no longer increase beyond the ceiling price or fall below the floor price.