Business, Legal & Accounting Glossary
1. When an underwriter who tries to prevent a recent offering from dropping below the offering price by placing buy orders slightly above that price. 2. A broker for whom at least 75% of trades are stabilizing (i.e. sales following a zero-plus tick and purchases following a zero-minus tick), in accordance with NYSE rules.
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This glossary post was last updated: 16th November, 2021 | 0 Views.