Largest Positive Opening Gaps for DOCU

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

Using the 12 largest gap-up moves over the last 3 years in DOCU stock, the average move was +3.4% with the single largest opening gap of +8.1% occurring on 8-Oct-2024. Following the opening, DOCU tended to drift lower to the closing price 58% of the time for an average loss of -0.4%. The following day, DOCU stock price averaged +2.6% gains, with up moves more frequent than down moves. The stock was up 92% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

6 of DOCU'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 +5.4% on 2-Feb-2023, while the biggest drop from the open to the low was -6.7% on 8-Apr-2025. On average, the DOCU stock price gain from the opening price to the highest point of the day was +2.1%, and the average drop to the lowest point was -2.1%.

Day Drift Open-to-Close

The best performance in DOCU stock price from opening price to closing price (referred to as the "drift" for the day) was on 2-Feb-2023 for a +4.2% gain after the stock gapped up +3.3% at the open. The worst worst return from the opening price to the closing price was on 8-Apr-2025 when the stock lost -5.3% after the stock gapped up +3.2%. Overall in the 12 available observations, the stock drifted lower 58% of the time for an average loss of -0.4%.