Why does the value of my stocks fluctuate after hours (not due to after hours trades)


Something I have noticed that happens relatively regularly. I use Schwab. Between 4 PM when market closes and over the next few hours there will sometimes be a very small variation in the value of my stocks.

Today I looked at my stocks at 4:30 (fully 30 minutes after market close) and I was up 1.37% and just looking at it now I am up 1.35%. The dollar value shifted ever so slightly as well.

This is not due to after hours trades and it usually only moves a very small number of basis points (usually less than five in either direction).

Can anyone explain this?


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