Stocks purchased and sold in an after-hours market are after-market movers. In the U.S., the after-hours market opens at 4 p.m. EST following the close of the major stock exchanges. Even though after-hours trading can extend until 8 p.m., volume for the after-market movers typically dwindles much earlier. During the after-hours, electronic communication networks (ECNs) are used to trade.
Traders or investors can use after-market movers when news breaks after the stock exchange close. After-market movers may be triggered by news, such as earnings announcements.
A spike in volume may occur as soon as news is released, but it usually wanes as the session progresses. A significant drop in volume usually occurs by 6 p.m.
The number of shares traded during after-hours sessions is just a fraction of the number of shares traded during normal business hours.
Does it make sense to trade after hours? Of course, you need to make sure you do your research first.
Let’s talk about today’s best aftermarket movers.
Allakos Inc. (ALLK) shares were rising 11.70% to trade at $9.55 in after-hours at the last check. ALLK’s stock lost -89.87% to close Wednesday’s session at $8.55. The stock volume remained 58.5 million shares, which was higher than the average daily volume of 1.62 million shares within the past 50 days. ALLK shares have fallen by -94.06% over the last 12 months, and they have moved down by -89.88% in the past week. Over the past three months, the stock has lost -92.26%, while over the past six months, it has shed -90.93%. Further, the company has a current market of $456.83 million and its outstanding shares stood at 54.07 million.
At last check in after-hours trading, shares of BioCardia Inc. (BCDA) were up 11.61% at $2.50. BCDA’s stock closed last session at $2.24, increasing 6.16% or $0.13. Shares of the company fluctuated between $2.0851 and $2.38 throughout the day. The number of shares exchanged was 1.53 million, greater than the company’s 50-day daily volume of 0.12 million and higher than its Year to date volume of 0.17 million. In the past 12 months, the company’s stock has advanced -41.51%, and in the last week, the stock has moved up 30.23%. For the last six months, the stock has lost a total of -50.11%, and over the last three months, the stock has decreased by -37.43%. The stock has returned -35.26% so far this year.
SeaChange International Inc. (SEAC) shares have gained 4.59% at $2.05 in Wednesday’s after-hours session. SeaChange International Inc.’s stock added 9.50% to finish the last trading session at $1.96. The stock recorded a trading volume of 213.77 million shares, which is below the average daily trading volume published for the last 50 days of 13.14 million shares. The shares of SeaChange International Inc. have retreated 15.98% in the last five days; however, they have gained 161.72% over the last month. The stock price has surged 84.91% over the last three months and has gained 148.32 percent so far this year. Additionally, it has a price-to-sales ratio that stands at 4.36.