What is VWAP & why is it ‘the most important price of the day’?

Kenny Glick, owner of HitTheBid.com, appeared on Stocks In Translation to discuss the significance of the Volume-Weighted Average Price (VWAP) and the implications of mean reversion. Glick notes, “if you have something that’s shooting down, a lot of times, you can expect it to revert back to the mean, and the most important price of the day it’s the VWAP price.”

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This post was written by Neil Mulcahy.