Suppose that on Monday, May 2nd of 2022, stock XYZ closed at $210 per share at 4:00PM (New York time). The very next day (on Tuesday, May 3rd of 2022), it opened at $235 per share at 9:30AM New York time. Why would the stock open at a different price on Tuesday compared to the previous trading day when the markets closed? What may be a likely reason for this price difference?

Directions: In no more than three sentences, discuss why this may happen