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Erroneous after hours stock pricing - why?

artyboy
artyboy Posts: 2,078 Forumite
1,000 Posts Third Anniversary Name Dropper
edited 21 August 2024 at 6:57PM in Savings & investments
Ok so this has been bugging me for a while, and I'm hoping someone can shed some light. I've noticed that quite often, stock prices after 4:30pm (specifically LSE listings here) can sometimes spike or tank significantly. I know there is an auction period after the main market closes, but these movements seem to correct themselves back to the close price next day.

A particularly extreme example today is HSBA - it closed slightly up but appears to have dropped over 5% since.

is this just bad data or is there a genuine reason for why this gets displayed, and then reversed next day?




Comments

  • Mark_d
    Mark_d Posts: 2,748 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Looks like dodgy data.   What does the picture look like for LSE:HSBA when you look at different information sources, YouInvest, MSN Money  etc.
  • wmb194
    wmb194 Posts: 5,840 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 21 August 2024 at 7:34PM
    artyboy said:
    Ok so this has been bugging me for a while, and I'm hoping someone can shed some light. I've noticed that quite often, stock prices after 4:30pm (specifically LSE listings here) can sometimes spike or tank significantly. I know there is an auction period after the main market closes, but these movements seem to correct themselves back to the close price next day.

    A particularly extreme example today is HSBA - it closed slightly up but appears to have dropped over 5% since.

    is this just bad data or is there a genuine reason for why this gets displayed, and then reversed next day?




    Stop using Google? The LSE's price should always be correct and that's not what it says:



    This price is determined by the outcome of the end of day auction (16:35):



  • artyboy
    artyboy Posts: 2,078 Forumite
    1,000 Posts Third Anniversary Name Dropper
    dodgy data then... thanks.
  • Cold_comfort
    Cold_comfort Posts: 222 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    edited 22 August 2024 at 2:20AM
    Google is picking up the last reported after-hours trade which happened to be at a significantly discounted price compared with all other trades.


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