Largest Positive Opening Gaps for KO

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

Using the 12 largest gap-up moves over the last 3 years in KO stock, the average move was +1.4% with the single largest opening gap of +2.2% occurring on 10-Oct-2023. The following day, KO stock price averaged -1.0% losses, with down moves exceeding up moves. The stock was down 75% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

4 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 +2.2% on 27-Jan-2025, while the biggest drop from the open to the low was -2.4% on 30-Apr-2025. On average, the KO stock price gain from the opening price to the highest point of the day was +0.7%, and the average drop to the lowest point was -0.9%.

Day Drift Open-to-Close

The best performance in KO stock price from opening price to closing price (referred to as the "drift" for the day) was on 27-Jan-2025 for a +1.7% gain after the stock gapped up +1.4% at the open. The worst worst return from the opening price to the closing price was on 13-Mar-2025 when the stock lost -1.6% after the stock gapped up +1.2%. Overall in the 12 available observations, the stock drifted higher 50% of the time for an average return of -0.1%.