How To Buy KNOT Offshore Partners LP (KNOP) Stock
How To Buy KNOP
KNOT Offshore Partners LP (KNOP) is a common stock listed on the NYSE exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of KNOP.
Find a reliable broker.
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Fund your new account.
You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.
Search for KNOP.
When your funds are settled into your account, look for KNOT Offshore Partners LP on your broker by searching for the company name: KNOT Offshore Partners LP or the ticker symbol: KNOP.
Buy the stock.
Once that you've found KNOT Offshore Partners LP on your broker, submit a purchase order to buy shares of the stock (currently $6.57 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.
Once your order gets fulfilled, you've purchased your first shares of KNOT Offshore Partners LP.
Tips When Buying
When submitting your order, you may choose to buy shares of KNOT Offshore Partners LP at the market price with a market order or at a set price using a limit order.
- Market order: Buys the stock immediately at its current price.
- Limit order: Buys the stock only once it reaches your target price.
By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of KNOP at a specific price.
Should You Buy KNOP Stock Now?
In the past week the price per share of KNOT Offshore Partners LP has gone down ↓0.23 (-3.38%) and the daily volume has decreased significantly. You should buy KNOP now if you think the stock will recover soon, or wait until you think the stock is done dropping.
In the end, you should be comfortable with the risk of the investment and only buy shares of KNOP when you feel the time is right.