Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
The price of the most recent completed transaction in a security, which is a record of one trade rather than a valuation.
Serviceable on a liquid stock because another trade is a second away. On a suspended one it decays silently while being displayed in the same font as every live price.
Last traded price — the price at which the most recent transaction occurred.
One trade, possibly for a single share. Not "the price", and in an illiquid stock it can be minutes stale.
Movement in a chart caused by consecutive trades printing on opposite sides of the spread rather than by any change in value.
Nobody transacts at the middle of the market, so a series of last traded prices zig-zags between the bid and the offer even on a day when nothing happens. It widens every bar by roughly one spread, and it manufactures apparent mean reversion in thin stocks.
A quoted price carried forward from an earlier trade because the security has not traded since, so the figure describes a moment that may be hours or days old.
The last traded price is exactly that and nothing more. On a thin name the number on your screen on Friday can be Tuesday’s, and every percentage you compute against it inherits the age.