What does a one-penny spread mean?
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That’s the difference between the bid (what the highest price a buyer is willing to pay), and the ask (what a current shareholder is willing to sell it for).
A one penny spread means the market for that stock is quite liquid, with lots of buyers and sellers. The higher the spread, the fewer buyers and sellers there are.
Thanks. I have lots of dumb questions about finance that I may send your way. Very much appreciate your help.