TheStreet.com Switches to Decimal Stock Quotes in Stories

With Monday's beginning of the decimalization pilot project at the New York Stock Exchange and the American Stock Exchange , TheStreet.com has joined other news organizations in switching entirely to decimal pricing in references to individual stocks in stories.

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Our prices will be rounded to two decimal places. For example, in our old style we would say Philip Morris (MO) lately was down 5/16 to 31 3/4. In our new style, we'd say it was down 31 cents to $31.75.

Rounding may occasionally make the way we refer to a stock's price look a little counterintuitive. Here's a description borrowed from our colleagues at The New York Times: If a stock closes at $12.125 one day -- and is thus listed as $12.13 -- and it rises $1.125 the next, the increase will be shown as $1.13, but the price will be $13.25, not $13.26.

TheStreet.com's tools/quotes section hasn't yet converted to decimals but will do so in the weeks ahead.

For your convenience, here are the absolute and rounded conversions for increments of 1/16:

1/16 = .0625 = .06
1/8 = .125 = .13
3/16 = .1875 = .19
1/4 = .25
5/16 = .3125 = .31
3/8 = .375 = .38
7/16 = .4375 = .44
1/2 = .50
9/16 = .5625 = .56
5/8 = .625 = .63
11/16 = .6875 = .69
3/4 = .75
13/16 = .8125 = .81
7/8 = .875 = .88
15/16 = .9375 = .94

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