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.
Itâs shorthand for âpounds weightâ but isnât an abbreviation of the word pounds. The form lb is actually an abbreviation of the Latin word libra, which could mean a pound, itself a shortened form of the full expression, libra pondo, âpound weightâ. The second word of this phrase, by the way, is the origin of the English pound. You will also know Libra as the astrological sign, the seventh sign of the zodiac.