RT Journal Article
SR Electronic
T1 Do Opening Stock Prices Contain<br/>Information Content?
JF The Journal of Trading
FD Institutional Investor Journals
SP 8
OP 14
DO 10.3905/jot.2013.8.3.008
VO 8
IS 3
A1 Harlan Platt
A1 Licheng Cai
YR 2013
UL https://pm-research.com/content/8/3/8.abstract
AB Some traders employ strategies based on taking advantage of opening price gaps. Using a large data set of company-specific trading days, we explore the question of whether, after opening with a price gap, securities tend to continue to trade in the direction of the gap or whether they trade in the reverse direction. We also compare the opening price level following a price gap to the intraday high and low price.TOPICS: Security analysis and valuation, statistical methods