Odd lot
Odd lot refers to a securities trade that is less than the standard trading unit. In the stock market, the standard trading unit is usually 100 shares. Therefore, any trade that is for less than 100 shares is considered an odd lot.
Odd lots are typically traded by individual investors or small institutions, as larger institutions usually trade in multiples of 100 shares. Due to their smaller size, odd lot trades may incur higher fees or commissions compared to standard trading units.
Despite their small size, odd lots can still have an impact on the market. Some market analysts pay attention to odd lot trades as they may indicate the sentiment of individual investors.
Overall, odd lots are a common occurrence in the stock market and are an important part of the trading ecosystem.
For more information, you can visit the Wikipedia page on Odd lot.