Lets say I own a single stock of xyz co, stock is at $25 and I as an ambitious seller decide to sell it at $50 and by a stroke of luck someone makes a fat finger error enters a buy order at $50.
will the stock price tick to $50 for that one transaction ?
It’s a double sided auction so someone who have a sell order at $26 will have priority (Assuming his order has the lowest price), and the stock will tick to $26.
will the stock price tick to $50 for that one transaction ?