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Absolutely useless.
And in RRT3, you could just buy industries and stocks at start, lay no tracks nor train and if you bought at the right place, you started making money because of the flow the goods were going early game. That was cool!
The price of stock at purchase/sale is not fixed, it's actually dynamic. The most you buy in a single purchase, the higher the average cost of one stock unit (the inverse with selling).
So buy/sell only in small chunks to turn a profit.
However, any money you have is best invested in trains/rail for constant profit. Stock is not worth it.