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Non-Tech : What, exactly, is a stock's "float"?
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To: BudLong who wrote (1)12/11/1999 11:52:00 AM
From: brec   of 3
 
Here's what I found in MarketGuide's glossary marketguide.com (MarketGuide provides company data to SI):

"Float (millions)
This is the number of freely traded shares in the hands of the public. Float is calculated as Shares Outstanding minus Shares Owned by Insiders, 5% Owners, and Rule 144 Shares."
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