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cronkauthorA Simple Formula to Get Stock Prices in Excel
Tracking the stock prices of various companies is essential for making informed investment decisions. However, manually searching for and gathering this information can be time-consuming. In this article, we will explore a simple formula to get stock prices in Excel, making it easier to track and analyze stock market data.
The Formula
To create a formula to get stock prices in Excel, we first need to set up an external data source. For this example, we will use the Yahoo Finance API, which provides real-time stock price data for various companies.
1. Open the Excel file and create a new column, named "Stock Price".
2. Go to "Data" > "Get data from other websites" > "Web API" and search for "Yahoo Finance API".
3. Click on the Yahoo Finance API and select "Import Data".
4. In the "Import Data" window, enter the following details:
- Website: Yahoo Finance
- Data set: Stock Price History
- Symbol: The stock symbol you want to track, such as AAPL (Apple Inc.)
- Start date: The date you want to start tracking
- End date: The date you want to stop tracking
5. Click "Import" and the data will be imported into the workbook.
6. Create a new column, named "Stock Price (Excel)". This is where we will store the stock price data.
7. Go to the new "Stock Price (Excel)" column and type the formula "=FINANCE(2, $A$1)". This formula will pull the closing price for the current stock symbol from the imported data.
8. Press Enter and the stock price will be displayed in the cell.
9. Repeat step 7 for all the stock symbols you want to track.
10. To update the stock prices, simply refresh the data by right-clicking on the imported data range and selecting "Refresh All".
Using this simple formula, you can get real-time stock prices for various companies in Excel. By automating this process, you can save time and effort, allowing you to focus on more critical aspects of your investment strategy. As an added bonus, this formula can easily be modified to track other types of financial data, such as stock market indices or financial ratios. Feel free to experiment with this formula and adapt it to your specific needs.