What is “pre-market” and “post-market” in stock exchange? Why do stocks change their prices outside of trading hours?

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What is “pre-market” and “post-market” in stock exchange? Why do stocks change their prices outside of trading hours?

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The stock exchange is a convenient place for people who want to buy and/or sell stocks to find each other. But people aren’t barred from trading amongst themselves by other means at times when the exchange isn’t open.

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