Largest Negative Opening Gaps for AHT-I

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

Using the 12 largest gap-down moves over the last 3 years in AHT-I stock, the average move was -6.4% with the single largest opening gap of -11.6% occurring on 27-Oct-2023. Following the opening, AHT-I tended to drift higher to the closing price 67% of the time for an average gain of +3.7%. The following day, AHT-I stock price averaged +0.5% gains, with up moves and down moves occurring equally.

Catalysts

1 of AHT-I's 12 largest moves corresponded with a large gap down in the overall market.

Open-to-High and Open-to-Low

The largest percentage gain from the open to the high of the day was +18.4% on 11-May-2022, while the biggest drop from the open to the low was -13.3% on 27-Nov-2023. On average, the AHT-I stock price gain from the opening price to the highest point of the day was +4.7%, and the average drop to the lowest point was -1.0%.

Day Drift Open-to-Close

The best performance in AHT-I stock price from opening price to closing price (referred to as the "drift" for the day) was on 11-May-2022 for a +18.4% gain after the stock gapped down -7.6% at the open. The worst worst return from the opening price to the closing price was on 27-Nov-2023 when the stock lost -5.9% after the stock gapped down -4.6%. Overall in the 12 available observations, the stock drifted higher 67% of the time for an average gain of +3.7%.