Market structure
A plain description of primary issuance versus secondary trading, written so it does not pretend Belvedere is a broker, charting app, or live-quote site.
Request CoverageA stock market matches buyers and sellers of existing shares in public companies. Issuers raise capital in primary offerings; most “stock trading” is secondary-market transfer of shares already outstanding. Prices form where orders meet. Belvedere analyzes the companies, not the order book.
You obtain an interest in a company through a brokerage or similar account. Your economic outcome depends on what you paid, what the business earns and distributes over time, and what a later buyer will pay. That is not the same as day-trading tactics.
A stock market matches buyers and sellers of existing shares in public companies. Issuers raise capital in primary offerings; most “stock trading” is secondary-market transfer of shares already outstanding. Prices form where orders meet. Belvedere analyzes the companies, not the order book.
When a company sells new shares, cash goes to the issuer (minus underwriting costs). When you buy shares from another holder, cash goes to that holder. Most everyday “stock trading” is the second case. Company filings still matter because they describe the business whose shares are exchanging.
A last sale is an executed order. A 10-Q is a periodic report. Mixing them is how people treat a research page as a quote screen. Belvedere keeps them separate: see stock information.
Those queries belong to brokers and vendors. If you wanted company analysis, continue to independent equity research.
For public companies
Compensation does not purchase ranking placement or research conclusions.
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