How can stock prices increase or decrease by hundredths of a cent ($0.0001)?

Question

Basically the title. How do stock prices fluctuate by less than a cent if dollars are only normally broken down as far as cents? I routinely see prices for some stocks go up or down by this little.

In: 0

Answer 1

Shares are typically trading in larger quantities, so a fractional cent can become a whole cent when shares are being traded 100 or 1000 at a time.