Jun. 11 at 7:36 AM
$PATH The probability of seeing exactly +/-0 (a percentage change of 0.00%) over several consecutive days is extremely low. With a very high volume of 50 million shares traded in a single day, hitting the previous day's closing price exactly is a statistically rare event. The statistical hurdles in detail: Intraday volatility—50 million traded shares implies enormous market activity. With such high liquidity, the price is subject to constant fluctuations driven by buyers and sellers. Given the sheer number of transactions, it is extremely unlikely that the final closing price would match the previous day's price exactly, down to the cent or thousandth. Mathematical infinity—the probability of an exact value occurring within a continuous price spectrum is, mathematically virtually zero. After thousands of trades, the price would have to close on the exact same figure without rounding up or down. Two or more consecutive days of exactly +/-0 border on a statistical miracle.
