Premarket volume is back to pricing in sci-fi novels. $LIDR rips 42.61% because its lidar was picked for a lunar vehicle, while $GPRO jumps 72.91% on zero news whatsoever. On the other side of the tape, $KALA announced a formal distribution partnership and immediately tumbled 21.81%.
Here is what retail ignores while pricing in moon rovers: across 3,283 historical instances of gap-ups exceeding 30%, 66% close red by the final bell with a median intraday return of -7.23%.
66% fade rate. That's the baseline before you press buy.