open price

USAGE SUMMARY

The phrase "open price" is correct and usable in written English.
It can be used in contexts related to pricing strategies, negotiations, or market discussions where the price is not fixed and can be adjusted based on various factors. Example: "The seller offered an open price for the artwork, allowing potential buyers to make their best offers."

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

38 human-written examples

"[Removing it] would open price ranges up to the movement of fraudulent coin-selling transfers," EA claims.

The Guardian - Tech

Halfway through the British Open, Price is well within striking distance of the 36-hole lead shared by Ernie Els, Shigeki Maruyama, Padraig Harrington, Duffy Waldorf and Bob Tway.

The New York Times - Sports

Sharp will offer the devices with an open price model.

TechCrunch

They are Date, Open price, Close price, High price, Low price, and Volume.

Journal of Big Data

Toshiba plans to start marketing the tablet with an open price model in early August.

TechCrunch

The cameras will go on sale in Japan on March 12 with an open price model.

TechCrunch

Human-verified similar examples from authoritative sources

Similar Expressions

19 human-written examples

At the United States Open, prices have risen only 1.29percentt for the cheaper tickets in the first week.

The New York Times - Sports

But Mr. Griffin's proposal for an electronic exchange quickly ran into opposition, and what happened is a window into how banks have fiercely fought competition and open pricing.

The New York Times

When the Big Board did open, prices rose immediately but soon settled back, and the day ended as one of the quietest of the year.

The New York Times

Structured securities should trade on an exchange, says Joshua Rosner of Graham Fisher, which would bring listing requirements and open pricing and value into the light of day.

Forbes

"Weaker consumer liquidity is also being displayed in the consumer's preference for opening price point" -- the lowest-price national brand -- "and private-label merchandise," she wrote.

The New York Times

Expert writing Tips

Best practice

When discussing financial markets, use "open price" to specifically refer to the price at which a security first trades during a trading day. It's a standard term in stock market analysis.

Common error

Avoid using "open price" when you mean the initial offer in a negotiation. "Open price" refers to a specific market metric, whereas "opening offer" relates to bargaining situations.

Linguistic Context

The phrase "open price" primarily functions as a noun phrase often used in financial and commercial contexts. It refers to the initial price at which a security or commodity is traded when a market opens. As Ludwig AI confirms, the phrase is correct and usable.

Expression frequency: Common

Frequent in

News & Media

45%

Science

30%

Wiki

15%

Less common in

Formal & Business

5%

Academia

3%

Encyclopedias

2%

Ludwig's WRAP-UP

In summary, the phrase "open price" is a noun phrase primarily used in financial and commercial domains to denote the starting price of a security or commodity at the beginning of a trading day. According to Ludwig AI, it's grammatically sound and commonly used across various sources. While applicable in many contexts, it's especially relevant in stock market analysis and economic reporting. Related phrases like "opening price" and "initial price" offer similar meanings but might be suitable for slightly different situations. Remember, the "open price" is distinct from the closing price and "market price" and should not be confused with the initial offer during price negotiations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

opening price

Refers specifically to the price at which a security or commodity begins trading during a given period.

initial price

Emphasizes the starting value, similar to "open price" but applicable in broader contexts beyond daily trading.

starting price

Focuses on the price from which negotiations or sales commence.

list price

The officially published price, often used as a basis for negotiation or discounts.

suggested retail price

The price recommended by the manufacturer, giving retailers a benchmark.

base price

Indicates the fundamental cost before additional features or modifications are added.

market price

The prevailing price in a market, reflecting supply and demand dynamics.

fair market value

An unbiased estimate of what an asset would sell for in an open and competitive market.

negotiable price

Highlights that the price is subject to bargaining and agreement between parties.

flexible pricing

A pricing strategy where prices are adjusted based on various factors such as demand or customer.

FAQs

How does "open price" relate to stock market analysis?

In stock market analysis, the "open price" is a key indicator, representing the price at which a stock first trades when the market opens. It's used alongside the high, low, and closing prices to understand market trends and volatility.

What's the difference between "open price" and closing price?

The "open price" is the price at which a security first trades during market hours, while the closing price is the final price at the end of the trading day. They reflect different points in time and can indicate the day's overall price movement.

In what contexts can I use "initial price" instead of "open price"?

While "open price" is specific to trading markets, "initial price" can be used in more general scenarios, like the starting price of a product launch or the first price listed for a service. It indicates the starting value in a broader sense.

Is "open price" the same as "market price"?

No, "market price" reflects the current prevailing price, influenced by supply and demand, at any given moment. The "open price" is just one specific "market price" that occurs at the beginning of the trading session.