Largest Positive One-Day Changes for CAN

How does CAN usually behave after a large single-day up move in the stock price?

Using the 12 largest single-day up moves over the last 3 years in CAN stock, the average move was +30.4% with the single largest daily move of +41.3% occurring on 11-Nov-2024. The following day, CAN stock price averaged +0.4% gains, with down moves exceeding up moves. The stock was down 58% of the time in that period one day after these significant moves. Earnings dates have been excluded from this analysis.

Catalysts

4 of the moves coincided with a company-issued press release.

1 Week After

The following week, CAN stock price averaged -2.4% losses, with down moves exceeding up moves across 12 observations. The stock was down 67% of the time in that period one week following these significant moves.