New here, is this true?

[BW07]

Hi i am new here my first post actually.

I was looking at the time changes of stocks, and i found out that 9:30AM (NYC time)
to 9:35AM stocks increase why? this happens with different stocks and mostly are all the same the price goes up for the first 5 minutes.

However some do plummet within first 5 minutes if a negative news was out before opening start market.




BW

 

[zaysev36]

What's your question again? Why stock price change that much on the open? Well that's because, first of all, deals are made intraday, so when markets open, you see a consequent change of price. Due to this comes the second reason - most traders are aware that on the open stocks are very volatile and thus are trying to make profits or minimize loss there, thereby pushing prices further to the edge.