Largest Negative Opening Gaps for AG

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

Using the 12 largest gap-down moves over the last 3 years in AG stock, the average move was -6.1% with the single largest opening gap of -14.0% occurring on 21-Mar-2023. The following day, AG stock price averaged +0.6% gains, with up moves and down moves occurring equally. Earnings dates have been excluded from this analysis.

Catalysts

4 of AG's 12 largest moves corresponded with a large gap down in the overall market. 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 +9.2% on 10-Apr-2024, while the biggest drop from the open to the low was -13.6% on 21-Mar-2023. On average, the AG stock price gain from the opening price to the highest point of the day was +3.1%, and the average drop to the lowest point was -4.0%.

Day Drift Open-to-Close

The best performance in AG stock price from opening price to closing price (referred to as the "drift" for the day) was on 22-Apr-2024 for a +4.5% gain after the stock gapped down -6.8% at the open. The worst worst return from the opening price to the closing price was on 21-Mar-2023 when the stock lost -10.0% after the stock gapped down -14.0%. Overall in the 12 available observations, the stock drifted lower 50% of the time for an average loss of -0.7%.