Largest Positive Opening Gaps for CHEF

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

Using the 12 largest gap-up moves over the last 3 years in CHEF stock, the average move was +3.4% with the single largest opening gap of +5.1% occurring on 6-Nov-2024. Following the opening, CHEF tended to drift lower to the closing price 58% of the time for an average loss of -0.3%. The following day, CHEF stock price averaged +1.6% gains, with up moves more frequent than down moves. The stock was up 83% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

6 of CHEF's 12 largest moves corresponded with a large gap up in the overall market. 3 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 +4.6% on 13-Feb-2025, while the biggest drop from the open to the low was -6.2% on 2-May-2023. On average, the CHEF stock price gain from the opening price to the highest point of the day was +2.0%, and the average drop to the lowest point was -2.4%.

Day Drift Open-to-Close

The best performance in CHEF stock price from opening price to closing price (referred to as the "drift" for the day) was on 13-Feb-2025 for a +3.6% gain after the stock gapped up +2.3% at the open. The worst worst return from the opening price to the closing price was on 8-Apr-2025 when the stock lost -4.0% after the stock gapped up +3.4%. Overall in the 12 available observations, the stock drifted lower 58% of the time for an average loss of -0.3%.