Largest Negative Opening Gaps for SPOK

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

Using the 12 largest gap-down moves over the last 3 years in SPOK stock, the average move was -2.0% with the single largest opening gap of -3.8% occurring on 5-Aug-2024. Following the opening, SPOK tended to drift lower to the closing price 58% of the time for an average loss of -0.6%. The following day, SPOK stock price averaged +0.4% gains, 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

5 of SPOK's 12 largest moves corresponded with a large gap down in the overall market. 1 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 +5.0% on 7-Apr-2025, while the biggest drop from the open to the low was -7.5% on 28-Apr-2025. On average, the SPOK stock price gain from the opening price to the highest point of the day was +1.8%, and the average drop to the lowest point was -2.4%.

Day Drift Open-to-Close

The best performance in SPOK stock price from opening price to closing price (referred to as the "drift" for the day) was on 7-Jul-2023 for a +2.0% gain after the stock gapped down -1.2% at the open. The worst worst return from the opening price to the closing price was on 28-Apr-2025 when the stock lost -5.7% after the stock gapped down -3.7%. Overall in the 12 available observations, the stock drifted lower 58% of the time for an average loss of -0.6%.