Any percentage changes in a stock price will result in an equal percentage change in a company's value. This is the reason why investors are so concerned with stock prices and any changes that may occur since a $0.10 drop in a $5 stock can result in a $100,000 loss for shareholders with one million shares.
The primary meaning of libra was balance or scales (as in the astrological sign), but it also stood for the ancient Roman unit of measure libra pondo, meaning a pound by weight.. We got the word pound in English from the pondo part of the libra pondo but our abbreviation comes from the libra.
So how do we get lb for pound and oz for ounce? Lb is an abbreviation of the Latin word libra. We got the word pound in English from the pondo part of the libra pondo but our abbreviation comes from the libra. The libra is also why the symbol for the British pound is Â£ â an L with a line through it. The Italian lira also used that symbol (with two lines through it), the word lira itself being a shortened version of libra. Ounce is related to the Latin uncia, the name for both the Roman ounce and inch units of measurement.