Net Change

The change in the price of a security from the closing price on one day to the closing price on the following trading day. For example, ABC traded yesterday at 255/8 and today it closed at 27. The net change is 13/8. In the case of a stock which is entitled to a dividend one day, but is traded ex-dividend the next, the dividend is not considered in computing the change. The same applies to stock splits. A stock selling at $100 the day before a two-for-one split and trading the next day at $50 would be considered unchanged