Table:
| COMMON STOCK PRICES |  |  |  |  |
| --- | --- | --- | --- | --- |
| 2019 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |
| High | $15.40 | $17.81 | $16.40 | $11.59 |
| Low | $10.49 | $13.76 | $ 9.92 | $ 8.09 |
Paragraphs:
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
ADTRAN’s common stock is traded on the NASDAQ Global Select Market under the symbol ADTN. As of February 19, 2020, ADTRAN had 163 stockholders of record and approximately 6,972 beneficial owners of shares held in street name. The following table shows the high and low closing prices per share for our common stock as reported by NASDAQ for the periods indicated.
Question:
What was the percentage change in the high closing price between the third and fourth quarter in 2019?
Answer: ($11.59-$16.40)/$16.40 = -29.33