Largest Negative Opening Gaps for ADOCW

How does ADOCW usually behave after a large gap-down move?

Using the 12 largest gap-down moves over the last 3 years in ADOCW stock, the average move was -60.4% with the single largest opening gap of -71.6% occurring on 28-Dec-2022. Following the opening, ADOCW tended to drift higher to the closing price 83% of the time for an average gain of +88.3%. The following day, ADOCW stock price averaged +2.6% gains, with up moves and down moves occurring equally.

Catalysts

1 of the moves coincided with a company-issued press release.

Open-to-High and Open-to-Low

The largest percentage gain from the open to the high of the day was +257.1% on 28-Dec-2022, while the biggest drop from the open to the low was -78.7% on 6-Dec-2023. On average, the ADOCW stock price gain from the opening price to the highest point of the day was +101.5%, and the average drop to the lowest point was -13.6%.

Day Drift Open-to-Close

The best performance in ADOCW stock price from opening price to closing price (referred to as the "drift" for the day) was on 28-Dec-2022 for a +257.1% gain after the stock gapped down -71.6% at the open. The worst worst return from the opening price to the closing price was on 22-Dec-2022 when the stock lost -5.2% after the stock gapped down -61.3%. Overall in the 12 available observations, the stock drifted higher 83% of the time for an average gain of +88.3%.