Volato Group ($SOAR) is a $10M nonscheduled air charter company that announced this morning it is merging its way into an "AI data center market."
The tape gave it a 19.13% pre-market pop. Its historical base rate tells the real story.
In 20 historical sessions where $SOAR gapped up at least 5%, the stock closed red 85% of the time. The median intraday bleed across those sessions is -8.70%, with an average drop of -12.63%.
History says this gap fades into the close. We will grade the tape here.