So i have 40 stocks which i hold and had a avg price of around $38.80 ish i then sold 15 shares of at $39.11 however the avg price went up to $44.88 how does that make sense as is there any way i can calculate the new avg price?
Any help please?
The 15 shares you sold would’ve been the ones that you bought first. The $44.88 will be the average price you paid for the next 25.
I see so it sells the cheapest shares first?
No. First in first out (Fifo). It’s exactly what it says, it sells the first one you bought first, then the second and so on.