Largest Positive Opening Gaps for CXE

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

Using the 12 largest gap-up moves over the last 3 years in CXE stock, the average move was +1.9% with the single largest opening gap of +3.0% occurring on 2-Nov-2023. Following the opening, CXE tended to drift lower to the closing price 58% of the time for an average loss of 0.0%. The following day, CXE stock price averaged -0.1% losses, with down moves exceeding up moves. The stock was down 58% of the time in that period one day after these significant gaps.

Catalysts

2 of CXE's 12 largest moves corresponded with a large gap up in the overall market. 2 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 +2.8% on 14-Nov-2023, while the biggest drop from the open to the low was -2.0% on 28-Aug-2023. On average, the CXE stock price gain from the opening price to the highest point of the day was +0.8%, and the average drop to the lowest point was -1.1%.

Day Drift Open-to-Close

The best performance in CXE stock price from opening price to closing price (referred to as the "drift" for the day) was on 3-Nov-2023 for a +2.5% gain after the stock gapped up +1.6% at the open. The worst worst return from the opening price to the closing price was on 28-Aug-2023 when the stock lost -2.0% after the stock gapped up +2.4%. Overall in the 12 available observations, the stock drifted lower 58% of the time for an average loss of 0.0%.