Hall of Fame Beverages, Inc (HFBG)

[goldenstone77]

Well, its a matter of definition here wrangler. We refer to these trades as "after hour" but we should be calling them settlement trades, because that's what they are. The market maker sold the large position for his client and took his rip. He can do this at any time. Typically they do them after the market has closed because they are busy. They can do them just prior to close as well, because they know the client is unlikely to call in a new order 3 minutes prior to the close on a friday. Sometimes you'll even see these settlement trades in the middle of the day. It all depends on how many shares the client has to sell. In this case there is a substantial amount, so they wait until the end of the day to settle the trade; otherwise they would have to settle them several times a day.