Largest Negative Opening Gaps for DASH

How does DASH usually behave after a large gap-down move?

Using the 12 largest gap-down moves over the last 3 years in DASH stock, the average move was -4.6% with the single largest opening gap of -9.4% occurring on 5-Aug-2024. The following day, DASH stock price averaged -0.6% losses, with up moves and down moves occurring equally. Earnings dates have been excluded from this analysis.

Catalysts

7 of DASH's 12 largest moves corresponded with a large gap down 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 +14.3% on 5-Aug-2024, while the biggest drop from the open to the low was -5.3% on 10-Feb-2023. On average, the DASH stock price gain from the opening price to the highest point of the day was +4.6%, and the average drop to the lowest point was -2.1%.

Day Drift Open-to-Close

The best performance in DASH stock price from opening price to closing price (referred to as the "drift" for the day) was on 5-Aug-2024 for a +14.2% gain after the stock gapped down -9.4% at the open. The worst worst return from the opening price to the closing price was on 10-Feb-2023 when the stock lost -3.8% after the stock gapped down -3.0%. Overall in the 12 available observations, the stock drifted higher 50% of the time for an average gain of +1.5%.