Shannon sells 100 shares of Google stock from her portfolio for $500 per share t

Question

Shannon sells 100 shares of Google stock from her portfolio for $500 per share to help pay for her son Domenic’s college education.
How much does Google’s receive from the sale of its share?
Does this transaction occur on the primary or secondary market? Shannon sells 100 shares of Google stock from her portfolio for $500 per share to help pay for her son Domenic’s college education.
How much does Google’s receive from the sale of its share?
Does this transaction occur on the primary or secondary market?
How much does Google’s receive from the sale of its share?
Does this transaction occur on the primary or secondary market?

Explanation / Answer

How much does Google’s receive from the sale of its share?

Shannon sells 100 shares of Google stock from her portfolio for $500 per share to help pay for her son Domenic’s college education but Google will not receive any thing from the sale of its share as it is secondary market sale where transaction of shares takes place between one investor/trader to another.

Does this transaction occur on the primary or secondary market?

This transaction occurs on the secondary market where transaction of shares takes place between one investor/trader to another investor/trader. Primary market sales takes place during initial public offering (IPO) of shares where company sales its shares first time in market. After that the buying and selling of shares of the company can be done through the secondary market between investors but company is not involved in these transactions of shares.

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