Largest Positive Opening Gaps for ANEW

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

Using the 12 largest gap-up moves over the last 3 years in ANEW stock, the average move was +3.1% with the single largest opening gap of +5.1% occurring on 10-Nov-2022. The following day, ANEW stock price averaged -0.6% losses, with down moves exceeding up moves. The stock was down 67% of the time in that period one day after these significant gaps.

Catalysts

8 of ANEW's 12 largest moves corresponded with a large gap up 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 +2.2% on 16-Mar-2022, while the biggest drop from the open to the low was -2.4% on 13-Dec-2022. On average, the ANEW stock price gain from the opening price to the highest point of the day was +0.3%, and the average drop to the lowest point was -0.7%.

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 16-Mar-2022 for a +2.2% gain after the stock gapped up +2.5% at the open. The worst worst return from the opening price to the closing price was on 13-Dec-2022 when the stock lost -1.8% after the stock gapped up +3.3%. Overall in the 12 available observations, the stock drifted higher 42% of the time for an average return of 0.0%.