Largest Positive Opening Gaps for CTRM

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

Using the 12 largest gap-up moves over the last 3 years in CTRM stock, the average move was +5.8% with the single largest opening gap of +10.1% occurring on 30-Nov-2023. Following the opening, CTRM tended to drift lower to the closing price 67% of the time for an average loss of -1.2%. The following day, CTRM stock price averaged +1.2% gains, with up moves more frequent than down moves. The stock was up 58% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

1 of CTRM's 12 largest moves corresponded with a large gap up in the overall market. 1 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 +12.5% on 4-Dec-2023, while the biggest drop from the open to the low was -8.5% on 6-Nov-2023. On average, the CTRM stock price gain from the opening price to the highest point of the day was +3.6%, and the average drop to the lowest point was -5.1%.

Day Drift Open-to-Close

The best performance in CTRM stock price from opening price to closing price (referred to as the "drift" for the day) was on 4-Dec-2023 for a +12.5% gain after the stock gapped up +7.0% at the open. The worst worst return from the opening price to the closing price was on 6-Nov-2023 when the stock lost -7.1% after the stock gapped up +5.6%. Overall in the 12 available observations, the stock drifted lower 67% of the time for an average loss of -1.2%.