Minus Tick
Designates a trade that occurs at a lower price than the immediately preceding trade. Also referred to as "downtick" or "zero minus tick". Investopedia Says:
Brokerage firms require that short sell orders follow the "tick test", which means that if a stock is trading at a minus tick price (lower than the previous sale), a short sale at that time is not allowed. Generally, short sales are only allowed to occur on an uptick. This rule helps prevent traders from destabilizing a stock's price by short selling on minus ticks. Related Terms:
Downtick
Short Exempt
Short Sale Rule
Short Selling
Tick
Tick-Test Rules
Zero Minus Tick
Zero Plus Tick |