Largest Positive Opening Gaps for DAL

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

Using the 12 largest gap-up moves over the last 3 years in DAL stock, the average move was +5.0% with the single largest opening gap of +8.6% occurring on 12-May-2025. Following the opening, DAL tended to drift lower to the closing price 67% of the time for an average loss of -1.6%. The following day, DAL stock price averaged +2.4% 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

6 of DAL'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 +3.7% on 2-May-2025, while the biggest drop from the open to the low was -8.8% on 8-Apr-2025. On average, the DAL stock price gain from the opening price to the highest point of the day was +1.6%, and the average drop to the lowest point was -3.2%.

Day Drift Open-to-Close

The best performance in DAL stock price from opening price to closing price (referred to as the "drift" for the day) was on 2-May-2025 for a +2.6% gain after the stock gapped up +3.9% at the open. The worst worst return from the opening price to the closing price was on 8-Apr-2025 when the stock lost -7.7% after the stock gapped up +4.2%. Overall in the 12 available observations, the stock drifted lower 67% of the time for an average loss of -1.6%.