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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: L who wrote (5168)2/17/1999 9:31:00 AM
From: im a survivor  Read Replies (1) | Respond to of 41369
 
Float =

In simple terms : Number of shares being traded

A smalle float means a stock will move more on buys and sells.



To: L who wrote (5168)2/17/1999 1:38:00 PM
From: RTev  Read Replies (1) | Respond to of 41369
 
I'm not an expert, but I can run a search engine, so...

from marketguide.com

Float
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.


You can find the number here (among other places):
marketguide.com

You see there that the total shares outstanding for AOL: 466.98 mil (which gives it a market capitalization of $74 billion)
Float: 340.0 mil.
or 73% float.

That means there are 340 million shares floating in the market -- available for purchase at any time the current holders might decide to sell. The other 127 million shares are held by insiders, by the company itself, or by others who are under special rules. They must, for instance, announce their intention to sell shares.

Another example:
Microsoft has total shares of 2.493 billion with a float of 1.695 bil (67%) and a market value of $393 billion.

Here's an article explaining one way to look at the significance of the float:
floatanalysis.com