Someone sold LGND at $12.89!!! What da hell does he know, that we don't?!!! Maybe we'll find out tomorrow.
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?
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.