What does limit price mean when buying stocks
The stop price will trigger the order into a limit order and will only be executed at the limit price or better. How stop-limit orders work. Let’s assume you want to buy XYZ stock which is currently trading at $21. The price of the stock is expected to rise to $28 but you don’t want to pay more than $28. Limit price financial definition of Limit price Limit price. A limit price is the specific price at which you tell your stockbroker to execute a buy or sell order on a particular security. If the transaction can be completed at that price, it goes through, but if that price is not available, no purchase or sale takes place.