See the peaks at 4:24, 4:52, 5:10PM pacific? Nearly a million shares changing hands after hours >10% above the official closing price for the day? That is some strange stuff on IPO day.
I don't know and am not in the biz, but anecdatally, from my memories of the manipulation of SCOX in years past the high afterhours trades are used to bump up the opening price the next trading day.
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So, any guesses what these weird after-hours spikes @$42 are? http://www.google.com/finance?q=NASDAQ%3AFB
See the peaks at 4:24, 4:52, 5:10PM pacific? Nearly a million shares changing hands after hours >10% above the official closing price for the day? That is some strange stuff on IPO day.
Good question. Looks interesting, unfortunately I have no idea.
I don't know and am not in the biz, but anecdatally, from my memories of the manipulation of SCOX in years past the high afterhours trades are used to bump up the opening price the next trading day.