Ash, I have tried, many times on this forum, to point out that NASDAQ a/h trading is typically total 'bullshit'. Apparently people ignore this FACT.
Today was an exemplar.
A/H volume is currently 37,974 (admittedly, a bit higher than usual) but what was usual was that all but two (I said it before today - 2) were at the close of $25.18 OR LOWER. Those solitary 2 shares happened to be the current last trade @ $25.48 (for a whopping $50.96).
[Normal trade turned over 3,529,664 shares to close at $25 18.]
I was dismayed that Neuren actually highlighted the afterhours (non) rise in their ann. Factually true but TOTALLY misleading. A very bad bad IMO.
Apparently many were fooled by it.
I warn anyone who takes notice of ACAD A/H trading to investigate the trades (a very simple thing to do), before placing any significance on them.
Ann: Comment on research report, page-96
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$20.17 |
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Mkt cap ! $2.578B | |||
| Open | High | Low | Value | Volume |
| $20.39 | $20.53 | $20.14 | $4.102M | 202.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 249 | $20.15 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.31 | 790 | 1 |
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