The after-market movers are stocks that change hands after the normal market closes. As the major U.S. stock exchanges close, the after-hours market opens at 4 p.m. U.S. EDT. Even though after-hours trading can extend until 8 p.m., the volume of after-market movers tends to fade much earlier. During after hours, trades are conducted over electronic communication networks (ECNs).
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Traders and investors can use after-market movers when news breaks after the stock exchange close. Earnings announcements, for example, may cause aftermarket movers to act.
A spike in volume may occur when a piece of news is released, but it usually fades as the session progresses. After six o’clock, the volume of trades usually drops significantly. After-hours trading is risky for stocks that are illiquid.
While during normal business hours billions of shares are traded, after-hours trading is just a fraction of that volume. Does it make sense to trade in an after-hours market? Maybe, but you have to do some research first.
Here are the top aftermarket movers for today.
Palatin Technologies Inc. (PTN) shares were rising 23.52% to trade at $0.68 in after-hours at the last check. PTN’s stock gained 4.76% to close Monday’s session at $0.55. The stock volume remained 14.13 million shares, which was higher than the average daily volume of 9.58 million shares within the past 50 days. PTN shares have risen by 19.10% over the last 12 months, and they have moved down by -35.61% in the past week. Over the past three months, the stock has gained 10.79%, while over the past six months, it has shed -6.76%. Further, the company has a current market of $134.53 million and its outstanding shares stood at 238.23 million.
At last check in after-hours trading, shares of ACADIA Pharmaceuticals Inc. (ACAD) were up 22.58% at $23.78. ACAD’s stock closed the last session at $19.40, increasing 3.25% or $0.61. Shares of the company fluctuated between $18.50 and $19.49 throughout the day. The number of shares exchanged was 2.1 million, greater than the company’s 50-day daily volume of 1.24 million and higher than its Year to date volume of 1.71 million. In the past 12 months, the company’s stock has advanced -64.23%, and in the last week, the stock has moved up 2.97%. For the last six months, the stock has lost a total of -26.99%, and over the last three months, the stock has increased by 19.16%. The stock has returned -63.71% so far this year.
MongoDB Inc. (MDB) is rising on the charts today, up 17.91% to trade at $506.25 at last check in after-hours trading. On Monday, shares in MongoDB Inc. fell -4.63% to close the day at $429.34. The volume of shares traded was 1.75 million, which is higher than the average volume over the last three months of 808.33K. During the trading session, the stock oscillated between $417.215 and $440.32. The company had an earnings per share ratio of -4.74. MDB’s stock has lost -18.37% of its value in the previous five sessions and -19.76% over the past one month but has gained 19.58% on a year-to-date basis. The stock’s 50-day moving average of $505.93 is above the 200-day moving average of $386.58. Moreover, the stock is currently trading at an RSI of 33.47.
