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Anonymous Posted 8 years ago
Vocabulary

Some traction at that price meaning?

Hi,

What is the meaning of finding some traction at that price in the following text?

Krane bottomed at $18 a share, then began a rather feeble rally. It nibbled around $20 a share for half an hour before finding some traction at that price.

Does it mean that after an hour of fluctuations it was stabilized at that price?

Thanks

  

Top answer

Yes, that's the basic idea.

— Clive

  • Yes, that's the basic idea.
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1 Answers
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Yes, that's the basic idea.

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