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 +2.1% with the single largest opening gap of +3.3% occurring on 3-Nov-2023. The following day, ANEW stock price averaged +0.9% gains, with down moves exceeding up moves. The stock was down 58% of the time in that period one day after these significant gaps.

Catalysts

5 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 +0.6% on 3-Nov-2023, while the biggest drop from the open to the low was -5.3% on 8-Apr-2025. On average, the ANEW stock price gain from the opening price to the highest point of the day was -0.5%, and the average drop to the lowest point was -0.8%.

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 3-Nov-2023 for a +0.6% gain after the stock gapped up +3.3% at the open. The worst worst return from the opening price to the closing price was on 8-Apr-2025 when the stock lost -5.3% after the stock gapped up +2.5%. Overall in the 12 available observations, the stock drifted lower 50% of the time for an average loss of -0.7%.