Creative Media shares surge 14.61% after hours on short-covering rally or algorithmic trades.

Creative Media (CMCT.O) surged 14.61% in after-hours trading, driven by a sudden intraday rally attributed to short-covering or algorithmic trades. Despite no fundamental news or technical signals, the stock’s sharp 15.05% intraday gain pointed to isolated market events, such as rapid short-position liquidation or high-frequency trading reactions. Mixed peer stock movements and the absence of block trading data further supported the likelihood of a sudden bearish sentiment reversal or non-public catalyst. The surge occurred amid a broader sector divergence, suggesting the move was not sector-driven but tied to immediate, unannounced factors.