AEO
American Eagle Outfitters
stock NYSE

Mostly because algos can snatch headlines and decide to buy or sell within miliseconds, faster than any retail. Their code runs on the same datacenter as the stock exchanges to minimize delay. However, if the good news has real substance, it's not late to chase because big capitals need time to accumulate their huge positions.
Which is why you see during earnings, on a surprise beat, you have an initial spike by algos, a retrace about 5 minutes later for algos to exit on retails who smashed buy button manually, but if the earning has substance and not just PR nonsense, then the rest night price will continue to rise and even those who bought into algo sells will make a good profit.
One clean example was AEO's last earnings, algo instant buy, exit on retail rush, but because the earnings call is considered good and hence big money gradually piled in over the next few days. So those who were algo's exit liquidity still makes money if they hold through the noise.
These are just processes at different time scales of the market. Algos are unbeatable by humans, but retail can still make decisions faster than institutions who has to update their risk models first.

Mostly because algos can snatch headlines and decide to buy or sell within miliseconds, faster than any retail. Their code runs on the same datacenter as the stock exchanges to minimize delay. However, if the good news has real substance, it's not late to chase because big capitals need time to accumulate their huge positions.
Which is why you see during earnings, on a surprise beat, you have an initial spike by algos, a retrace about 5 minutes later for algos to exit on retails who smashed buy button manually, but if the earning has substance and not just PR nonsense, then the rest night price will continue to rise and even those who bought into algo sells will make a good profit.
One clean example was AEO's last earnings, algo instant buy, exit on retail rush, but because the earnings call is considered good and hence big money gradually piled in over the next few days. So those who were algo's exit liquidity still makes money if they hold through the noise.
These are just processes at different time scales of the market. Algos are unbeatable by humans, but retail can still make decisions faster than institutions who has to update their risk models first.