Largest Positive Opening Gaps for AMRC

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

Using the 12 largest gap-up moves over the last 3 years in AMRC stock, the average move was +6.6% with the single largest opening gap of +14.7% occurring on 28-Jul-2022. Following the opening, AMRC tended to drift higher to the closing price 67% of the time for an average gain of +0.9%. The following day, AMRC stock price averaged -1.5% 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

5 of AMRC's 12 largest moves corresponded with a large gap up in the overall market. 4 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 +12.9% on 14-Nov-2023, while the biggest drop from the open to the low was -9.2% on 20-Jan-2022. On average, the AMRC stock price gain from the opening price to the highest point of the day was +4.8%, and the average drop to the lowest point was -3.3%.

Day Drift Open-to-Close

The best performance in AMRC stock price from opening price to closing price (referred to as the "drift" for the day) was on 14-Nov-2023 for a +11.4% gain after the stock gapped up +8.3% at the open. The worst worst return from the opening price to the closing price was on 20-Jan-2022 when the stock lost -8.2% after the stock gapped up +7.4%. Overall in the 12 available observations, the stock drifted higher 67% of the time for an average gain of +0.9%.