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closing price and adjusted close complete convergence, Why? Meening?

Discussion in 'Ask any question!' started by Johny, Jan 15, 2020.

  1. Johny

    Johny New Member

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    Hi guys,
    In my analyse I observe a closing price who reach after 20 years the same price than the adjusted close.
    I try to understand why and what is the meening of this moove. Look at this graph it is normal, for the first time ever the gap is close!?

    upload_2020-1-15_21-41-55.png
     
  2. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    This happens with all stocks. The closer to today's closing price, the more the closing and adjusted prices converge.
     
  3. Johny

    Johny New Member

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    so it is normal, ok thank!
     
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Yes, for dividend paying stocks. For stocks that have never paid a dividend, the closing price and adjusted price will (usually) always be the same.
     

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