Largest Positive Opening Gaps for INCY

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

Using the 12 largest gap-up moves over the last 3 years in INCY stock, the average move was +2.6% with the single largest opening gap of +7.4% occurring on 13-May-2024. Following the opening, INCY tended to drift higher to the closing price 58% of the time for an average gain of 0.0%. The following day, INCY stock price averaged -0.4% losses, with down moves exceeding up moves. The stock was down 67% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

5 of INCY's 12 largest moves corresponded with a large gap up 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 +3.4% on 13-May-2024, while the biggest drop from the open to the low was -3.4% on 19-Dec-2024. On average, the INCY stock price gain from the opening price to the highest point of the day was +1.5%, and the average drop to the lowest point was -1.4%.

Day Drift Open-to-Close

The best performance in INCY stock price from opening price to closing price (referred to as the "drift" for the day) was on 4-Dec-2024 for a +1.7% gain after the stock gapped up +1.9% at the open. The worst worst return from the opening price to the closing price was on 19-Dec-2024 when the stock lost -2.3% after the stock gapped up +1.6%. Overall in the 12 available observations, the stock drifted higher 58% of the time for an average gain of 0.0%.