VolumeWeighted Average Price

VolumeWeighted Average Price. Shall mean with respect to a security for any period, the sum of a number of daily calculations for each day in such period, and each daily calculation being equal to (i) the closing bid price for such security on Nasdaq or an applicable national securities exchange on such day multiplied by (ii) a fraction, the numerator of which the number of shares of such security traded as reported by Nasdaq or such national securities exchange for such day, and the denominator of which is the sum of all... of the daily number of shares of such security traded as reported by Nasdaq or such national securities exchange during such period. View More