Largest Positive Opening Gaps for PPSI

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

Using the 12 largest gap-up moves over the last 3 years in PPSI stock, the average move was +9.2% with the single largest opening gap of +34.1% occurring on 16-Dec-2024. The following day, PPSI stock price averaged -2.0% 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

1 of PPSI's 12 largest moves corresponded with a large gap up 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 +15.3% on 2-Jun-2023, while the biggest drop from the open to the low was -10.1% on 23-Apr-2024. On average, the PPSI stock price gain from the opening price to the highest point of the day was +4.4%, and the average drop to the lowest point was -4.2%.

Day Drift Open-to-Close

The best performance in PPSI stock price from opening price to closing price (referred to as the "drift" for the day) was on 2-Jun-2023 for a +4.7% gain after the stock gapped up +5.2% at the open. The worst worst return from the opening price to the closing price was on 16-Dec-2024 when the stock lost -21.5% after the stock gapped up +34.1%. Overall in the 12 available observations, the stock drifted lower 50% of the time for an average loss of -2.7%.