Largest Positive Opening Gaps for AFRM

How does AFRM usually behave after a large gap-up move?

Using the 12 largest gap-up moves over the last 3 years in AFRM stock, the average move was +11.8% with the single largest opening gap of +41.9% occurring on 30-Aug-2021. Following the opening, AFRM tended to drift higher to the closing price 58% of the time for an average gain of +1.1%. The following day, AFRM stock price averaged -1.9% losses, with down moves exceeding up moves. The stock was down 58% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

6 of AFRM's 12 largest moves corresponded with a large gap up in the overall market. 6 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 +21.5% on 2-Feb-2023, while the biggest drop from the open to the low was -13.5% on 13-Dec-2022. On average, the AFRM stock price gain from the opening price to the highest point of the day was +7.3%, and the average drop to the lowest point was -4.5%.

Day Drift Open-to-Close

The best performance in AFRM stock price from opening price to closing price (referred to as the "drift" for the day) was on 2-Feb-2023 for a +12.9% gain after the stock gapped up +5.6% at the open. The worst worst return from the opening price to the closing price was on 13-Dec-2022 when the stock lost -12.0% after the stock gapped up +9.1%. Overall in the 12 available observations, the stock drifted higher 58% of the time for an average gain of +1.1%.