Define: closing price
What does "closing price" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (ANALOG DEVICES INC, seen in 1 filing)
closing price means (1) the closing price (for the primary trading session) on any national securities exchange on which the Common Stock is listed or (2) the average of the closing bid and asked prices in the over-the-counter-market, whichever is applicable, as published in The Wall Street Journal or another source selected by the Administrator.
Source: ANALOG DEVICES INC 10-K
Definition 2 (COSTAR GROUP, INC., seen in 1 filing)
closing price means the closing sale price of Parent Common Stock on NASDAQ (or such other principal quotation system or national securities exchange on which the Parent Common Stock is admitted to trading or quoted or listed) or, if not admitted to trading or quoted or listed on any quotation system or national securities exchange, the average of the closing bid and asked prices of the Parent Common Stock on the over-the-counter market on the day in question as reported by the National Quotation Bureau Incorporated, or a similarly generally accepted reporting service, or if not so available in such manner, as reasonably determined by an independent accounting firm designated by the parties that has not represented any of the parties hereto, their affiliates, successors or assigns at any time during the two-year period immediately preceding the day in question.
Source: COSTAR GROUP, INC. S-1
Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.