Largest Positive Opening Gaps for VVOS

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

Using the 12 largest gap-up moves over the last 3 years in VVOS stock, the average move was +40.0% with the single largest opening gap of +173.3% occurring on 29-Nov-2023. The following day, VVOS stock price averaged -5.9% 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

8 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 +306.6% on 29-Nov-2023, while the biggest drop from the open to the low was -27.7% on 8-Aug-2023. On average, the VVOS stock price gain from the opening price to the highest point of the day was +39.8%, and the average drop to the lowest point was -14.7%.

Day Drift Open-to-Close

The best performance in VVOS stock price from opening price to closing price (referred to as the "drift" for the day) was on 29-Nov-2023 for a +241.7% gain after the stock gapped up +173.3% at the open. The worst worst return from the opening price to the closing price was on 8-Aug-2023 when the stock lost -24.6% after the stock gapped up +103.1%. Overall in the 12 available observations, the stock drifted higher 25% of the time for an average return of +13.9%.