Someone sold LGND at $12.89!!! What da hell does he know, that we don't?!!! Maybe we'll find out tomorrow.
The AH price action suggests it was only someone painting the tape...likely as they are seeking to buy more.The other possibility is that it was a margin clerk, blowing out shares on some poor fool when the spread was truly painful.
anytime you see an AH drop, follow these steps:1) Go to Nasdaq.com2) type in "LGND"3) Click, "After hours"It is usually very obvious if the drop is real or not. In this case, 3k shares traded at $13.17, then one trade of 500 shares dropped it to $12.89. Meaningless as usual.
I don't get it -- what makes it meaningless?