Largest Positive Opening Gaps for KBA

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

Using the 12 largest gap-up moves over the last 3 years in KBA stock, the average move was +4.9% with the single largest opening gap of +7.9% occurring on 26-Sep-2024. Following the opening, KBA tended to drift higher to the closing price 67% of the time for an average gain of +0.4%. The following day, KBA stock price averaged -1.7% losses, with down moves exceeding up moves. The stock was down 75% of the time in that period one day after these significant gaps.

Catalysts

2 of KBA'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 +2.4% on 7-Oct-2024, while the biggest drop from the open to the low was -2.6% on 7-Oct-2024. On average, the KBA stock price gain from the opening price to the highest point of the day was +0.9%, and the average drop to the lowest point was -0.6%.

Day Drift Open-to-Close

The best performance in KBA stock price from opening price to closing price (referred to as the "drift" for the day) was on 7-Oct-2024 for a +1.5% 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 30-Sep-2024 when the stock lost -0.7% after the stock gapped up +3.7%. Overall in the 12 available observations, the stock drifted higher 67% of the time for an average gain of +0.4%.