After-market movers are the stocks bought and sold in an after-hours market. The after-hours market opens at 4 p.m. U.S. Eastern Time following the close of the major U.S. stock exchanges. It is possible for after-hours trading to continue until 8 p.m., but the volume usually dwindles much earlier for the aftermarket movers. Electronic communication networks (ECNs) are used for trading in the after-hours.
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When news breaks after the stock exchange closes after-market movers can be used by traders or investors. Sometimes, news, such as earnings announcements, may trigger after-market movers to act.
Stocks may experience a spike in volume on the initial release of news, but it usually diminishes as the session advances. By 6 p.m., the volume slows down significantly. Illiquid stocks are risky to trade after business hours.
Unlike the billions of shares traded during normal business hours, after-hours sessions trade a tiny fraction of that level. Is it possible to make money trading in an after-hours market? It’s possible, but you need to do your homework first.
Panbela Therapeutics Inc. (PBLA)
Panbela Therapeutics Inc. (PBLA) shares were rising 7.45% to trade at $0.336 in after-hours at the last check. PBLA’s stock lost -46.09% to close Monday’s session at $0.31. The stock volume remained at 2.54 million shares, which was higher than the average daily volume of 0.42 million shares within the past 50 days. PBLA shares have fallen by -85.52% over the last 12 months, and they have moved down by -36.18% in the past week. Over the past three months, the stock has lost -75.18%, while over the past six months, it has shed -83.46%. Further, the company has a current market of $4.26 million and its outstanding shares stood at 20.77 million.
G1 EXECUTION SERVICES LLC bought a fresh place in Panbela Therapeutics Inc. (NASDAQ: PBLA). The institutional investor bought 18.5 thousand shares of the stock in a transaction that took place on 6/30/2022. In another most recent transaction, which was held on 6/30/2022, ERGOTELES LLC bought approximately 16.0 thousand shares of Panbela Therapeutics Inc. In a separate transaction that took place on 6/30/2022, the institutional investor, TOWER RESEARCH CAPITAL LLC bought 11.5 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 0.80% of the company’s stock.
Change Healthcare Inc. (CHNG)
Change Healthcare Inc. (CHNG) has advanced 7.22% to $27.31 in after-hours trading hours on the last check Monday. The stock of CHNG lost -0.08% to complete the last trading session at $25.47. The price range of the company’s shares was between $25.43 and $25.57. It traded 3.09 million shares, which was above its daily average of 2.55 million shares over 100 days. CHNG’s shares have gained by 0.04% in the last five days, while they have added 1.92% in the last month. Further, it is currently trading at a price-to-book ratio of 2.53. Additionally, the price-to-cash flow ratio stood at 22.05.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Change Healthcare Inc. (CHNG) to 6,907,468 shares, mirroring a recent increase of 0.03%. Vanguard Total Stock Market Index added 1910.0 shares of Change Healthcare Inc. common stock bringing its total worth to about $169.72 million at the end of the recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager that changed stakes and is followed by Vanguard Small Cap Index Fund, which added 11865.0 shares to end up with 5,925,436 shares worth $145.59 million. Clarkston Partners Fund cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 1.80% position in Change Healthcare Inc. thanks to 5.92 million shares amounting to $145.45 million.
Riot Blockchain Inc. (RIOT)
At last check in after-hours trading, shares of Riot Blockchain Inc. (RIOT) were up 6.13% at $6.92. RIOT’s stock closed the last session at $6.52, decreasing -1.88% or -$0.12. Shares of the company fluctuated between $6.36 and $6.70 throughout the day. The number of shares exchanged was 10.76 million, less than the company’s 50-day daily volume of 16.22 million and lower than its Year-to-date volume of 12.27 million. In the past 12 months, the company’s stock has advanced by -77.75%, and in the last week, the stock has moved down by -23.02%. For the last six months, the stock has lost a total of -66.62%, and over the last three months, the stock has increased by 40.22%. The stock has returned -70.80% so far this year.
Compass Point rated the Riot Blockchain Inc. (NASDAQ: RIOT) stock “a Buy”. Compass Point’s estimates were contained in a research note released on Tuesday, June 28, 2022. Several other experts on Wall Street have posted such reports regarding the RIOT shares. According to Compass Point, the stock is “a Neutral,” at $39. Compass Point published its figures in a research note released to investors on Tuesday, March 08, 2022. Other experts at Northland Capital have the stock’s price target at $30 price; their rating of the stock is “an Outperform.”. These scores were published in a research note the firm released on Thursday, January 13, 2022.
Avenue Therapeutics Inc. (ATXI)
Avenue Therapeutics Inc. (ATXI) shares have gained 9.81% at $0.2361 in Monday’s afterhours session. Avenue Therapeutics Inc.’s stock subtracted -17.69% to finish the last trading session at $0.22. The stock recorded a trading volume of 0.82 million shares, which is below the average daily trading volume published for the last 50 days of 1.68 million shares. The shares of Avenue Therapeutics Inc. have advanced by -6.56% in the last five days; however, they have lost -20.40% over the last month. The stock price has shed -14.00% over the last three months and has lost -87.05 percent so far this year. ‘
With this outlook, analysts have a consensus recommendation rating of 3.00 for the stock, suggesting that investors Hold the stock. 1 analyst offering their rating for the stock is split like this: 1 of the 1 rates it as a Hold; 0 sees it as a buy, while 0 says it is overweight. Although bearish, it is notable that the stock is well above its 200-day simple moving average by -57.45%, while it is -20.12% below and -15.03% below its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 0.82 million against a 3-month average of 1.42M.
ThermoGenesis Holdings Inc. (THMO)
ThermoGenesis Holdings Inc. (THMO) is rising on the charts today, up 8.62% to trade at $0.208 at last check in after-hours trading. On Monday, shares in ThermoGenesis Holdings Inc. rise 0.79% to close the day at $0.19. The volume of shares traded was 0.33 million, which is lower than the average volume over the last three months of 3.20 million. During the trading session, the stock oscillated between $0.1902 and $0.20. The company had an earnings per share ratio of -0.73. THMO’s stock has lost -10.93% of its value in the previous five sessions and -24.37% over the past month but has lost -81.04% on a year-to-date basis. The stock’s 50-day moving average of $0.2199 is above the 200-day moving average of $0.5627. Moreover, the stock is currently trading at an RSI of 40.28.
A recent spot check on the stock’s support and resistance revealed that the publicly-traded ThermoGenesis Holdings Inc. (NASDAQ: THMO) shares are trading at a price close to -62.17% lower than its 90-day high. On the other hand, the stock is +112.78% away from its low in the 90-day period. More broadly, THMO’s current price is -91.67% away from its 52-week high. The price is 112.78% above its 52-week low.