Largest Positive Opening Gaps for ALTUW

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

Using the 12 largest gap-up moves over the last 3 years in ALTUW stock, the average move was +61.8% with the single largest opening gap of +132.4% occurring on 11-Oct-2023. Following the opening, ALTUW tended to drift lower to the closing price 67% of the time for an average loss of -14.3%. The following day, ALTUW stock price averaged -1.8% losses, with up moves and down moves occurring equally.

Catalysts

1 of ALTUW's 12 largest moves corresponded with a large gap up in the overall market. 2 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 +53.5% on 24-Apr-2023, while the biggest drop from the open to the low was -50.0% on 23-Jan-2024. On average, the ALTUW stock price gain from the opening price to the highest point of the day was +10.4%, and the average drop to the lowest point was -19.6%.

Day Drift Open-to-Close

The best performance in ALTUW stock price from opening price to closing price (referred to as the "drift" for the day) was on 9-Jun-2022 for a +13.9% gain after the stock gapped up +49.2% at the open. The worst worst return from the opening price to the closing price was on 23-Jan-2024 when the stock lost -49.7% after the stock gapped up +86.3%. Overall in the 12 available observations, the stock drifted lower 67% of the time for an average loss of -14.3%.