The stock prices at which they are actually bought won’t stay the same at any time. Past performance of Time Warner stock is not necessarily indicative of future performance. It has been generally observed that there is a huge volatility in the market on the day at which shares gets listed with the prices getting public and the forces coming into play in bringing the shares down to a fair price in the secondary market.
In order to fully take advantage of what the chart is telling you, you must first understand the basics of reading stock charts. The companies that are willing to get their shares listed need to sign an agreement with the stock exchanges where the securities are listed. Regardless of what type of stock chart you use, all three do nothing more than reveal the buying and selling patterns of the investors. The library holds this publication since 1962 for NYSE, 1964 for ASE, and 1968 for NASDAQ (formerly OTC). The historical stock information on Wachovia common stock used in the above calculator is provided by a third party. The stock price history begins on March 19, 1992 when America Online started trading publicly under the ticker: AOL. A stock moving higher on heavy volume is much more likely to continue climbing than one that is moving higher on light volume.
By looking at the volume bars you can get a good feel for the strength behind the stock price movement. The need of ask and bid prices in a stock quote is purely because the market need a market maker to buy the stock whenever one trader sells it and to sell the stock whenever on want to buy it. This is something that is hard to discern by reading stock quotes in the daily newspaper.
The present stock prices that are likely to change are held back by their shareholders unless and until they reach favourable hike as per stock market charts. In addition, most of the technical indicators on that chart would give sell signals because of the big drop in prices.