Largest Negative Opening Gaps for ANEW

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

Using the 12 largest gap-down moves over the last 3 years in ANEW stock, the average move was -2.9% with the single largest opening gap of -4.4% occurring on 13-Jun-2022. The following day, ANEW stock price averaged -0.3% losses, with down moves exceeding up moves. The stock was down 58% of the time in that period one day after these significant gaps.

Catalysts

7 of ANEW'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 +5.6% on 24-Feb-2022, while the biggest drop from the open to the low was -1.9% on 13-Sep-2022. On average, the ANEW stock price gain from the opening price to the highest point of the day was +1.1%, and the average drop to the lowest point was -0.5%.

Day Drift Open-to-Close

The best performance in ANEW stock price from opening price to closing price (referred to as the "drift" for the day) was on 24-Feb-2022 for a +5.6% gain after the stock gapped down -3.0% at the open. The worst worst return from the opening price to the closing price was on 13-Sep-2022 when the stock lost -1.9% after the stock gapped down -2.5%. Overall in the 12 available observations, the stock drifted higher 33% of the time for an average return of +0.3%.