Largest Negative Opening Gaps for PTON

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

Using the 12 largest gap-down moves over the last 3 years in PTON stock, the average move was -6.3% with the single largest opening gap of -9.7% occurring on 21-May-2024. The following day, PTON stock price averaged +0.7% gains, with up moves and down moves occurring equally. Earnings dates have been excluded from this analysis.

Catalysts

5 of PTON's 12 largest moves corresponded with a large gap down 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 +18.8% on 7-Apr-2025, while the biggest drop from the open to the low was -9.2% on 3-Apr-2025. On average, the PTON stock price gain from the opening price to the highest point of the day was +5.3%, and the average drop to the lowest point was -4.3%.

Day Drift Open-to-Close

The best performance in PTON stock price from opening price to closing price (referred to as the "drift" for the day) was on 7-Apr-2025 for a +9.8% gain after the stock gapped down -6.8% at the open. The worst worst return from the opening price to the closing price was on 3-Apr-2025 when the stock lost -7.5% after the stock gapped down -7.4%. Overall in the 12 available observations, the stock drifted lower 50% of the time for an average loss of -0.3%.