After hours trading can be a wild ride for investors, as stocks often make significant moves outside of regular trading hours. In today’s after hours session, three stocks have caught the attention of investors for their big moves: KVYO, CVNA, and PLTR.
KVYO, a pharmaceutical company specializing in rare diseases, saw its stock surge over 20% in after hours trading. The company announced positive clinical trial results for its latest drug candidate, which is aimed at treating a rare genetic disorder. This news has investors excited about the potential for KVYO to bring a new treatment to market and generate significant revenue in the future.
Carvana (CVNA), an online car buying platform, also saw a significant increase in its stock price after hours. The company reported strong quarterly earnings, with revenue exceeding expectations and a promising outlook for future growth. Investors were impressed by Carvana’s ability to capture market share in the competitive automotive industry and rewarded the stock with a 15% jump in after hours trading.
Palantir Technologies (PLTR), a data analytics company, experienced a more modest increase in its stock price after hours. The company announced a new partnership with a major tech firm to provide advanced data analytics solutions for their clients. This news was well-received by investors, who believe that Palantir’s technology will continue to gain traction in the business world.
Overall, these three stocks have made significant moves after hours, driven by positive news and strong performance. Investors will be watching closely to see if these trends continue into the regular trading session and beyond. After hours trading can be a volatile time for stocks, but for those who are able to capitalize on the momentum, it can also be a lucrative opportunity.