Largest Negative Opening Gaps for SLVM

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

Using the 12 largest gap-down moves over the last 3 years in SLVM stock, the average move was -3.6% with the single largest opening gap of -5.3% occurring on 5-Aug-2024. The following day, SLVM stock price averaged -0.4% losses, with up moves more frequent than down moves. The stock was up 58% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

6 of SLVM'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 +6.5% on 4-Mar-2024, while the biggest drop from the open to the low was -6.3% on 17-Feb-2026. On average, the SLVM stock price gain from the opening price to the highest point of the day was +2.4%, and the average drop to the lowest point was -2.5%.

Day Drift Open-to-Close

The best performance in SLVM stock price from opening price to closing price (referred to as the "drift" for the day) was on 4-Mar-2024 for a +3.4% gain after the stock gapped down -4.3% at the open. The worst worst return from the opening price to the closing price was on 17-Feb-2026 when the stock lost -5.4% after the stock gapped down -3.0%. Overall in the 12 available observations, the stock drifted lower 50% of the time for an average loss of -0.1%.