Largest Negative Opening Gaps for LCID

How does LCID usually behave after a large gap-down move?

Using the 12 largest gap-down moves over the last 3 years in LCID stock, the average move was -6.9% with the single largest opening gap of -16.2% occurring on 17-Oct-2024. The following day, LCID stock price averaged -2.8% 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

5 of LCID's 12 largest moves corresponded with a large gap down in the overall market. 5 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 +17.0% on 7-Apr-2025, while the biggest drop from the open to the low was -8.8% on 1-Jun-2023. On average, the LCID stock price gain from the opening price to the highest point of the day was +5.6%, and the average drop to the lowest point was -3.2%.

Day Drift Open-to-Close

The best performance in LCID stock price from opening price to closing price (referred to as the "drift" for the day) was on 7-Apr-2025 for a +12.4% gain after the stock gapped down -4.4% at the open. The worst worst return from the opening price to the closing price was on 12-Jul-2023 when the stock lost -7.4% after the stock gapped down -4.8%. Overall in the 12 available observations, the stock drifted higher 50% of the time for an average gain of +0.8%.