These are stocks that are bought and sold during an after-hours market. In the U.S., the after-hours market opens at 4 p.m. Eastern Time following the close of the major U.S. stock exchanges. In theory, after-hours trading can continue until 8 p.m., but volume usually declines earlier for the most active after-market participants. In the after-hours, trading is conducted over electronic communication networks (ECNs).
Investors and traders can use after-market movers to react to the news that comes out after the stock exchange closes. There are times when news, like earnings announcements, triggers aftermarket movers to act.
When stocks receive new information, their volume may spike, but as the session progresses, it usually diminishes. Around 6 p.m., it usually slows down significantly. The market is riskier after business hours for illiquid stocks.
Unlike the billions of shares traded during normal business hours, only fractions of those shares are sent to market after hours. Would it be worthwhile to trade after hours? Yes, but only after conducting proper research.
Let’s talk about today’s top aftermarket movers.
Ardelyx Inc. (ARDX) shares were rising 7.02% in after-hours at the last check. ARDX’s stock gained 32.24% to close Wednesday’s session at $1.14. The stock volume remained 48.62 million shares, which was higher than the average daily volume of 4.02 million shares within the past 50 days. ARDX shares have fallen by -81.90% over the last 12 months, and they have moved up by 22.38% in the past week. Over the past three months, the stock has lost -19.15%, while over the past six months, it has shed -83.48%. Further, the company has a current market of $127.00 million and its outstanding shares stood at 104.14 million.
Galera Therapeutics Inc. (GRTX) has advanced 7.5% in after-hours trading hours on the last check. The stock of GRTX lost -1.49% to complete the last trading session at $1.32. The price range of the company’s shares was between $1.25 and $1.34. It traded 1.37 million shares, which was below its daily average of 1.89 million shares over 100 days. GRTX’s shares have dropped by -7.69% in the last five days, while they have subtracted -29.41% in the last month.
At last check, in after-hours trading, shares of 180 Life Sciences Corp. (ATNF) were up 12.85%. ATNF’s stock closed the last session at $6.38, increasing 11.73% or $0.67. Shares of the company fluctuated between $5.43 and $6.40 throughout the day. The number of shares exchanged was 3.75 million, greater than the company’s 50-day daily volume of 0.82 million and higher than its Year to date volume of 1.38 million. In the past 12 months, the company’s stock has retreated 132.85%, and in the last week, the stock has moved up 58.31%. For the last six months, the stock has lost a total of -29.89%, and over the last three months, the stock has increased by 8.32%. The stock has returned 133.70% so far this year.