44 Part 2 Fundamental Concepts in Financial Management
The next three lines show that GSK opened trading on February 5 at $46.07,
that it closed on February 4 at $46.87, and that its price fell by $0.98 (or a 2.09 % de-
crease) from the previous close to the current price. So far during the day, 1,835,434
shares had traded hands. GSK’s average daily trading volume (based on the past
three months) was 1,968,960 shares, so trading so far that day was close to the aver-
age. The total value of all of GSK’s stock, called its market cap, was $125.39
billion.
The last three lines report other market information for GSK. If it were trading
on Nasdaq rather than a listed exchange, the most recent bid and ask quotes from
dealers would have been shown. However, because it trades on the NYSE, these
data are not available. GSK’s P/E ratio (price per share divided by the most recent
12 months’ earnings) was 12.30, and its earnings per share for the most recent 12
months was $3.73 (ttm stands for “trailing 12 months”—in other words, the mostStock Quote for GlaxoSmithKline, February 5, 2008
F I G U R E 2! 3Source: http://" nance.yahoo.com.Last Trade:
Trade Time:
Change:
Prev Close:
Open:
Bid:
Ask:
1y Target Est:45.89
2.20PM ET
0.98 (2.09%)
46.87
46.07
N/A
N/A
56.1047.0
46.5
46.0
45.5
45.010am 12pm 2pm 4pmNew!Try our new Charts in Beta
GSK 5-Feb 2:04pm (C) Yahoo!1d5d3m6m1y2y5y
max
Annual Report for GSK
Add Quotes to Your Web Site Add GSK to Portfolio Set Alert Download DataDay’s Range:
52wk Range:
Volume:
Avg Vol (3m):
Market Cap:
P/E (ttm):
EPS (ttm):
Div & Yield:45.42 - 46.23
45.89 - 59.98
1,835,434
1,968,960
125.39B
12.30
3.73
2.13 (4.50%)GLAXOSMITHKLINE PLC (NYSE:GSK) EditReturns (%)1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 199840
30
20
10
0
–10
–20
–3050Years2001 2004 2007S&P 500 Index, Total Returns: Dividend Yield + Capital Gain or Loss, 1968–2007
F I G U R E 2! 2Source: Data taken from various issues of The Wall Street Journal “Investment Scoreboard” section.