Click to view the earnings moves in TIGR
Record Numbers, Surprising Slide—What’s Really Driving TIGR’s Post-Earnings Drop?
UP Fintech Holding Limited (NASDAQ:TIGR), also known as Tiger Brokers, delivered a blockbuster Q1 with record-breaking profit and a surge in client assets to US$45.9 billion. Revenue jumped 55% year-over-year, and the company’s new funded accounts blew past guidance. Yet, the market’s reaction was anything but enthusiastic: TIGR stock slipped -6.5% today—just below what the options market had anticipated for a post-earnings move.
Options Traders Were Ready for a Big Move
Before today’s results, options traders were bracing for fireworks, pricing in a ±7.5% move in the stock. In fact, TIGR’s options volume hit 14,475 contracts, reflecting the elevated anticipation for a swing. The most actively traded single leg? The 20-Jun-25 8 C call, which saw heavy volume but finished far off yesterday’s mark. Here’s a closer look:
| Attribute | |
|---|---|
| Option Contract | 20-Jun-25 8 C |
| Volume | 2,180 |
| VWAP price | 0.34 |
| Open interest | 1,247 |
| Yesterday's closing price | 0.78 |
How Has TIGR Historically Traded on Earnings Day?
While today’s -6.5% move feels harsh—especially after strong results—it actually aligns with TIGR’s typical earnings-day volatility. Over the last 12 quarters, the stock has averaged a +3.4% move, but these sessions have proven turbulent, with gains less consistent than the raw average suggests.
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Average Return | +3.4% | +3.5% | +6.4% | -6.6% | -0.2% |
| % of Moves Up | 58.3% | 75.0% | 41.7% | ||
| % of Moves Down | 41.7% | 16.7% | 58.3% |
Drill deeper and it’s clear: even when TIGR starts the day higher on earnings, it often gives back those gains, with a slightly negative average return from open to close and the majority of earnings days ending down from the open.
What About the Size of These Moves?
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Absolute Average Return | 10.3% | 4.7% | 6.4% | 6.6% | 7.9% |
| Max Absolute Return | 28.5% | 12.0% | 20.0% | 17.0% | 19.5% |
| Min Absolute Return | 2.5% | 0.0% | 0.2% | 0.0% | 2.5% |
Big swings are the rule rather than the exception for TIGR around earnings. The typical move (regardless of direction) averages over 10%, and historical extremes show some earnings days delivered moves as large as nearly 29%—with plenty of smaller, quieter days too. Today’s decline fits squarely within that volatile tradition.
If you want to dig deeper into these patterns, you can explore the full historical earnings stock performance statistics for TIGR here.
Post-Earnings Trends: More Caution Than Celebration
It’s not just about day-one. History shows that, after earnings, TIGR often struggles to maintain momentum. On average, returns in the first two weeks post-report have been muted to negative:
| Stock Performance | 1 Day After Earnings | 2 Days After Earnings | 3 Days After Earnings | 1 Week After Earnings | 2 Weeks After Earnings |
|---|---|---|---|---|---|
| Average Return | -0.4% | +0.4% | +1.2% | +1.0% | +0.2% |
| % of Moves Up | 45.5% | 45.5% | 45.5% | 36.4% | 45.5% |
| % of Moves Down | 54.5% | 54.5% | 54.5% | 63.6% | 54.5% |
Notably, more than half the time, shares drift lower in the days and weeks following earnings, underscoring the challenging environment even when initial numbers dazzle.
The Bottom Line
TIGR’s drop today may be disappointing for bulls hoping the market would cheer its strong quarter, but it fits a familiar pattern: outsized earnings-day volatility, an options market ready for action, and post-earnings underperformance. Whether today’s catalyst will break the cycle is up for debate—but if history is any guide, volatility traders may not be surprised.
For more in-depth analysis on how TIGR moves around earnings, including detailed stats, check out the full historical earnings page here.
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