How to Buy National Beverage Corp. (FIZZ) Stock

Before you can buy FIZZ, you’ll need to choose where to open a brokerage account.

Every broker operating in the United States allows you to freely trade on the NASDAQ, the exchange where FIZZ is listed. This means that you will have a wide range of brokers to choose from. Some of the factors that you might want to consider when you decide where to open a brokerage account include:

- Trading platform (beginner vs. expert oriented)
- Restrictions placed based on volatility (some brokers like Robinhood have decided to limit retail investors’ access to orders on stocks showing high volatility)
- Commissions and fees
- Access to additional markets (like futures trading and cryptocurrency markets)

After your brokerage account is open and funded, you’ll need to decide how many shares of FIZZ you want to buy. Take a look at the current market price of FIZZ before deciding how many shares you can afford. During periods of high volatility, you’ll want to use a limit order to place your purchase to ensure that you don’t lose control of the amount you’re spending. Never invest more money than you can afford to lose, especially when trading highly volatile stocks. 

When you’re ready to buy, you’ll place an order through your broker. An order tells your broker which stock you want to buy, how many shares you want to add to your portfolio and when the order should be executed. Understanding some of the most common terms that you’ll see when placing an order can help you control the amount that you spend when investing and ensure that you have control over your order’s execution. 

Bid
The bid price is the maximum price that a buyer on the market is willing to pay for a single share of a specific stock. A bid is not a type of order. However, monitoring the bid price and how it’s changing can help you understand how the market is moving. 

Ask
The ask price is the lowest price that a seller is willing to accept to sell a single share of a stock that they own. Like the bid price, the ask price can give investors insight into how the market is moving and what they’re likely to pay for shares of the stock they want to invest in. 

Spread
The spread is the difference between the current bid price and ask price of a share of stock. Stocks with low liquidity (including many stocks under $10) may have a wider spread than mega-cap stocks that see thousands of shares change hands each day. 

Limit Order
A limit order is a type of stock order that tells your broker that you want to execute an order at a specific price. For example, if the current market price of FIZZ is $140 per share, you might set a limit order to buy 10 shares of FIZZ at a limit price of $141. This ensures that you won’t pay more than $141 for each share of FIZZ you purchase. If the market price of FIZZ rises above $141, your broker will not execute your order. Limit orders help investors buy stock while also controlling the amount that they pay per share.  

Market Order
A market order is a type of stock order that tells your broker that you want to buy a set number of shares of stock at the current market price. When you place a market order, your broker will fill the order as quickly as possible, regardless of the current market price per share. Market orders are more likely to fill than limit orders, but they provide you with little control over the price you pay per share of the stock you’re investing in.   

Stop-Loss Order
A stop-loss order is a type of sell order that helps you limit your losses in the event that a stock you’re holding decreases in value. For example, if you purchased FIZZ at a price of $140 per share, you might set a stop-loss order for $136 per share. If the price of FIZZ falls to $136, your broker will automatically sell your shares. This helps limit the amount of money you lose if a stock moves in the opposite direction as you’ve predicted. 

Stop-Limit Order
A stop-limit order combines the features of both a limit order and a stop order to provide you with more control over the price you pay per share. For example, you might set a stop-limit order to buy FIZZ with a limit price of $145 and a stop price of $140. If the price of FIZZ rises above $140 per share, your broker will begin executing the order. If the price continues to rise above $145 per share, your broker will stop executing your order. 

As soon as you know which type of order you want to place and the price you’re willing to buy, execute your order by submitting it to your broker. Your broker will then carry out the order according to your instructions. If your broker is able to fill your order, you’ll see your shares in your brokerage account.