The stock is considered an after-market mover if traded after hours. After-hours trading begins at 4 p.m. U.S. EDT following the close of the major U.S. stock exchanges. Traders can continue to trade after-hours until 8 p.m., but the volume for after-market movers typically starts to drop sooner. Electronic communication networks (ECNs) are used to carry out after-hours trading.
Aftermarket movers provide an opportunity for investors and traders to respond to news that breaks after the stock exchange closes. After-market movers are sometimes influenced by news, such as earnings announcements.
A spike in volume usually occurs when new information is released, but it dwindles as the session moves forward. After 6 p.m., volumes drop significantly. Illiquid stocks are risky to invest in after business hours.
Comparatively to the billions of shares traded during business hours, a minuscule percentage of shares are traded after hours.
Is it possible to make money in after-market trading? Absolutely, as long as you do your homework first. We will discuss today’s best after-market movers.
Alterity Therapeutics Limited (ATHE) shares were rising 39.88% in after-hours at the last check. ATHE’s stock gained 3.65% to close Thursday’s session at $0.83. The stock volume remained 2.84 million shares, which was higher than the average daily volume of 0.56 million shares within the past 50 days. ATHE shares have fallen by -41.80% over the last 12 months, and they have moved up by 14.47% in the past week. Over the past three months, the stock has lost -34.70%, while over the past six months, it has shed -58.95%. Further, the company has a current market of $40.20 million and its outstanding shares stood at 34.51 million.
At last check in after-hours trading, shares of Viking Therapeutics Inc. (VKTX) were up 1.61%. VKTX’s stock closed the last session at $4.34, decreasing -6.06% or -$0.28. Shares of the company fluctuated between $4.33 and $4.6762 throughout the day. The number of shares exchanged was 1.43 million, greater than the company’s 50-day daily volume of 0.78 million and higher than its Year to date volume of 1.12 million. In the past 12 months, the company’s stock has advanced -27.18%, and in the last week, the stock has moved down -7.86%. For the last six months, the stock has lost a total of -29.89%, and over the last three months, the stock has decreased by -26.69%. The stock has returned -5.65% so far this year.
Pegasystems Inc. (PEGA) shares have gained 0.04% at $97.30 in Wednesday’s after-hours session. Pegasystems Inc.’s stock subtracted -11.11% to finish the last trading session at $97.26. The stock recorded a trading volume of 0.98 million shares, which is below the average daily trading volume published for the last 50 days of 0.33 million shares. The shares of Pegasystems Inc. have advanced -13.90% in the last five days; however, they have lost -12.05% over the last month. The stock price has shed -21.96% over the last three months and has lost -26.26 percent so far this year. Additionally, it has a price-to-sales ratio that stands at 6.77.