FILTRIX Logo FILTRIX Find Your Edge →
← All insights

$OPTT -31.25% — what the base rate says

$OPTT -31.25% — what the base rate says

Ocean Power Technologies ($OPTT) drops 31.25% after dropping a reverse stock split announcement directly into the tape. Dip buyers love to step in front of severe gaps, assuming the selling must be exhausted.

The historical tape does not share that optimism. Across 971 catalyst-driven gap-downs of 30% or more, stocks close red 59% of the time with a median intraday drift of -3.00%. In $OPTT's own history across 13 previous gap-down sessions, it closes red 54% of the time. The discount usually keeps discounting.

What the data showed

  • $OPTT -31.25% Ocean Power Technologies, Inc. · closed red 59% · green 40% (n=971) mcap $44M · float 267M shares · sector: ELECTRIC SERVICES
  • $ORCL -0.57% Oracle Corporation mcap $468.1B · float 1.7B shares · sector: SERVICES-PREPACKAGED SOFTWARE
  • $SMR -13.47% NuScale Power Corporation · closed red 53% · green 46% (n=7,993) mcap $4.6B · float 339M shares · sector: FABRICATED PLATE WORK (BOILER SHOPS)
  • $SNYR -11.57% Synergy CHC Corp. · closed red 53% · green 46% (n=7,993) mcap $1M · float 9M shares · sector: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS

Before jumping into intraday gap-downs or unbacked runners, inspect the historical edge on FILTRIX.net. Let the sample size dictate your risk, not midday excitement. Discipline > FOMO.

Find Your Edge on FILTRIX →