On Monday, the closing value of a share of stock in Company ABC, was 74.01. On Tuesday, it closed at 73.67, and on Wednesday, it closed at 74.32. On Thursday, the change in stock value was -1.48. And, on Friday, Company ABC's stock gained 0.89 points.
If a shareholder owns 75 shares of Company ABC's stock, by what amount did their total stock value change on Wednesday?
If the stock value on Tuesday was 73.67, it means the total value was 5525.25. On Wednesday, the stock was worth 74.32, which means the total value was 5574. 5574 - 5525.25 = 48.75.