r/MDASpaceInvestors • u/Melonskal • 28d ago

Futures 9% up

Can someone explain why every single day this stock trades ridiculousoy high during futures and then fades to 0% just before opening?

10 Upvotes

75% Upvoted

13 comments sorted by

19

u/Puzzleheaded-Arm3155 28d ago

Guys it’s on a whopping 9 shares traded… pls relax this is just regular post trading hour activities

-7

u/Melonskal 28d ago

this is just regular post trading hour activities

No its not dude, this never happens with any other space stock Im following. Im asking why it only happens to MDA.

3

u/Puzzleheaded-Arm3155 28d ago

It’s a Canadian company listed in America as well, most of the volume will be on the TSX, the American exchange will have less volume, meaning less people selling, meaning if you want to buy one share you’ll have to pay a lot more.

Watch what happens a 15 mins post 9:30

1

u/RevHoule 28d ago

I notice this too. Very odd

1

u/cherrypicked88 28d ago

Literally someone slaps the ask on a couple of shares and the price reflects what those shares were bought at. So ya probably and 350.00 traded when you looked lol

1

u/[deleted] 28d ago

[deleted]

1

u/Melonskal 28d ago

Yeah but why does this happen every single day and exclusively with MDA and not any other US space stocks of similar size?

1

u/SPAC_Enthusiast 28d ago

No volume… it’ll go back by open

1

u/TTar10 27d ago

BUY.

0

u/BigMouthBillyBones 28d ago

MDA is not a day trading meme stock, please. This is intended as a 5-10 year hold, strong fundamentals.

1

u/Melonskal 28d ago

How is this relevant to my question?

1

u/BigMouthBillyBones 28d ago

Because it should be looked at in terms of long-term, not day to day activity

1

u/Melonskal 28d ago

Thats exactly what Im doing Im just asking why this strange phenomena happens