I’m a beginner investor and I am confused on how pricing works for pre-market trading. Some of the stocks on my watchlist have recently had poor earning calls and their prices have dropped like rocks on the days they hold the meetings.
For example, let’s say the stock closes the previous day at $10, and the company reports poor earnings so that at 9:30am when the market opens the price is at $8 out the gate. If I sell off in the pre-market hours after the earnings call, would I be selling off at $10 (the last closing price), or does the price fluctuate even outside of normal market hours that I would sell off (likely) anywhere between $8-10?
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