I have a couple questions about the trade everyone is talking about. I have seen the trade on a couple different sites and believe it actually did happen. My first question is: If afterhours trading ends at 8:00pm, than how did this trade take place? Being that the time stamp is 8:21 pm. The following is from Nasdaq.coms fine print: Investors may trade in the Pre-Market (8:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices. Stock prices may also move more quickly in this environment. Investors who anticipate trading during these times are strongly advised to use limit orders.
Here is the link to the site, the former qoute is at the bottom of the page if you scroll down.
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