I doubt you can attribute any dramatic rise in after hours stock price to actual 'investors' deciding to place buy orders seconds after hearing the news.
The after hours action is most likely driven by the many algorithmic trading systems making trades based on news flow.
In other words, we'll have to wait for some rational period of time before deciding if traditional buy and hold investors are excited by this change in leadership.
The after hours action is most likely driven by the many algorithmic trading systems making trades based on news flow.
In other words, we'll have to wait for some rational period of time before deciding if traditional buy and hold investors are excited by this change in leadership.