Largest Positive Opening Gaps for EBAY

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

Using the 12 largest gap-up moves over the last 3 years in EBAY stock, the average move was +2.9% with the single largest opening gap of +7.5% occurring on 8-Jan-2025. Following the opening, EBAY tended to drift lower to the closing price 75% of the time for an average loss of -1.1%. The following day, EBAY stock price averaged +0.2% 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

5 of EBAY'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 +5.3% on 8-Jan-2025, while the biggest drop from the open to the low was -6.8% on 8-Apr-2025. On average, the EBAY stock price gain from the opening price to the highest point of the day was +1.1%, and the average drop to the lowest point was -2.6%.

Day Drift Open-to-Close

The best performance in EBAY stock price from opening price to closing price (referred to as the "drift" for the day) was on 8-Jan-2025 for a +2.2% gain after the stock gapped up +7.5% at the open. The worst worst return from the opening price to the closing price was on 8-Apr-2025 when the stock lost -5.5% after the stock gapped up +2.9%. Overall in the 12 available observations, the stock drifted lower 75% of the time for an average loss of -1.1%.