A Stock Rise in GOGL has History on Its Side

10 November 2022, 1:37 PM

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By Dmitry Pargamanik

GOGL Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, GOGL stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.0% Gains
GOGL is scheduled to report earnings on 16-Nov-2022. The last time Golden Ocean Group reported earnings on Aug 25, 2022, the stock increased by 3.5% to close at $10.20. At its current price of $142.76, GOGL post earnings drift is -9.3%.. Typically, traders tended to bid up GOGL shares (heading into earnings) prior to its scheduled release.

GOGL Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves GOGL had for the last 12 quarters around earnings. The 2 day run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 2.0%.



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