Quote:
Originally Posted by Slava
Well I wouldn’t say it’s normal for a company of that size to decline that much. But, they reported earnings after the bell and provided guidance that they were expecting a slowdown, so the after hours trade wasn’t kind to them. Sometimes the moves pre/post market are exaggerated or non-indicative of the opening hours. There are less trades and lower volumes, so it takes less to move things.
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So they provided a report saying they weren't meeting earnings and immediately there was a sell-off within 5min. But why did it almost immediately drop to the low? I'm looking at after hr trades and price dropped almost immediately. Why wouldn't it drop more incrementally with time? Even a volatile stock like TSLA doesn't move like this.