📊 GMAT Exam Prep

A table provides daily stock data for 'GlobalCorp' over a month, with columns: Date, Opening Price, Closing Price, Highest Price, Lowest Price, and Volume. On which date did GlobalCorp's stock experience the largest intraday price range (difference between Highest and Lowest Price) while also closing higher than its opening price?

A Day 5 (Highest: $105, Lowest: $98, Open: $100, Close: $103)
B Day 12 (Highest: $110, Lowest: $102, Open: $105, Close: $104)
C Day 18 (Highest: $120, Lowest: $110, Open: $112, Close: $118)
D Day 23 (Highest: $95, Lowest: $88, Open: $90, Close: $89)

✓ Correct Answer: Option C

Day 18 has an intraday range of $10 ($120-$110) and closed higher than open ($118 > $112). Day 5 range is $7, Day 12 range is $8 but closed lower, Day 23 range is $7 and closed lower.

💡 Why is C) the correct answer?

The correct answer to the question "A table provides daily stock data for 'GlobalCorp' over a month, with columns: Date, Opening Price, Closing Price, Highest Price, Lowest Price, and Volume. On which date did GlobalCorp's stock experience the largest intraday price range (difference between Highest and Lowest Price) while also closing higher than its opening price?" is Option C: Day 18 (Highest: $120, Lowest: $110, Open: $112, Close: $118).

The other options — A) Day 5 (Highest: $105, Lowest: $98, Open: $100, Close: $103), B) Day 12 (Highest: $110, Lowest: $102, Open: $105, Close: $104), D) Day 23 (Highest: $95, Lowest: $88, Open: $90, Close: $89) — are incorrect for this GMAT Exam Prep question. As explained above: Day 18 has an intraday range of $10 ($120-$110) and closed higher than open ($118 > $112). Day 5 range is $7, Day 12 range is $8 but closed lower, Day 23 range is $7 and closed lower.

📚 About This GMAT Exam Prep Practice Question

This 2-level GMAT Exam Prep question from the Integrated Reasoning topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free GMAT Exam Prep practice test or use flashcards for spaced repetition review.

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