US Top Gap Ups and Downs on 8/31: CRM, UBS, SHOP and More

Mooers Radar wrote a column · Sep 1, 2023 08:10

Here are the top gap ups and downs for the stocks with a market cap above $5 billion after market closed (gaps range from large to small):

Gap Ups

1. $Ciena (CIEN.US)$ - up 9.1%

2. $Okta (OKTA.US)$ - up 6.0%

3. $UGI Corp (UGI.US)$ - up 5.5%

4. $Shopify (SHOP.US)$ - up 5.4%

5. $UBS Group (UBS.US)$ - up 3.8%

6. $Salesforce (CRM.US)$ - up 2.6%

7. $KE Holdings (BEKE.US)$ - up 2.5%

8. $CrowdStrike (CRWD.US)$ - up 2.3%

9. $MINISO (MNSO.US)$ - up 2.0%

10. $Western Digital (WDC.US)$ - up 1.7%

Gap Downs

1. $Dollar General (DG.US)$ - down 9.9%

2. $Chewy (CHWY.US)$ - down 6.2%

3. $Polestar Automotive (PSNY.US)$ - down2.9%

4. $Canadian Imperial Bank of Commerce (CM.US)$ - down 1.9%

5. $Tenaris (TS.US)$ - down 1.8%

6. $ING Groep (ING.US)$ - down 1.8%

7. $Sasol (SSL.US)$ - down 1.7%

8. $Brazilian Electric Power (EBR.US)$ - down 1.6%

9. $Prudential (PUK.US)$ - down 1.4%

10. $Bank Bradesco SA(prefer share ADS) (BBD.US)$ - down 1.3%

What are gaps?

Price charts sometimes have blank spaces known as gaps (up gaps and down gaps), where the price of a stock moves sharply up or down, with little or no shares traded in between. This is why the asset's chart shows a gap in the normal price pattern. Normally this occurs between the close of the market on one day and the next day's open.

For an up gap, the low price of the day must be higher than the high price of the previous day. A down gap is just the opposite of an up gap.

Gaps can show evidence that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.

For example, if an unexpectedly high earnings report comes out after the market has closed for the day, a lot of buying interest will be generated overnight, leading to an imbalance between supply and demand. When the market opens the next morning, the stock price rises in response to the increased demand from buyers. If the stock price remains above the previous day's high throughout the day, then an up gap is formed.

Disclaimer: Investing involves risk and the potential to lose principal. Past performance does not guarantee future results. This is for information and illustrative purposes only. It should not be relied on as advice or recommendation.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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OriginaLew : i would not invest in this company if i were told it would 10×. any company that refuses to do its core job duty deserves to go bankrupt (i.e. failing &/or refusing to report the truth through their security & instead using fake biased informants &/or outright false &/or politically biased information & #MisInformation). if anything i would short the hell out of this if i had the opportunity. this company brings shame on Texas for being the DemocRATS minions spreading false info.

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Zul Zulkifli OriginaLew : $Tesla (TSLA.US)$

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Spitfire : Why is it a strong buy from analysts when the basic like liabilities is more than its asset kinda show what this company is doing.

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OriginaLew Zul Zulkifli : hello, my comment was in regard to crowdstrike but I must've accidentally deleted that tag. I don't currently have any negativity towards Tesla (not heavily invested in it but I've made some profit off Tesla stock... I don't think electric vehicles are viable just yet but maybe someday)

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