If a stock shows great performance on the income statement, will the prices rise gradually or immediately after the release of information to the public?
The time for the price to rise to the level reflecting the new information is the time over which the information becomes known to the dominant traders in the market (i.e., nearly instantaneous). Even if the stock doesn't trade much, the bid and ask will move immediately. It doesn't require the asks to be "hit" by buyers; rather, traders (including market makers) will simply raise the price of (or cancel) their sell orders as soon as they realize the price is going higher. Any who are too slow in doing so will be picked off.