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$RARE -45.16% — what the base rate says

$RARE -45.16% — what the base rate says

Wednesday evening tape serves up two contrasting realities. On the gainer board, $TLYS rips 31.76% into the close with zero news, while $NYXH climbs 15.89% after reporting its clinical trial met primary endpoints. On the other side of the tape, $MEI dumps 19.78% following its Q1 financial report, and $RARE collapses 45.16% without a headline in sight.

Retail loves to treat every mystery green candle as a breakout. Across 2,796 historical instances of low-float, no-news gap-ups of 30% or more, the setup fades to red 70% of the time with an average intraday return of -3.82%.

Hope is loud in after-hours. The base rate is completely silent.

What the data showed

  • $RARE -45.16% Ultragenyx Pharmaceutical Inc. · closed red 59% · green 40% (n=971) mcap $2.5B · float 90M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $MEI -19.78% Methode Electronics, Inc. · closed red 51% · green 48% (n=379) mcap $647M · float 34M shares · sector: ELECTRONIC CONNECTORS
  • $APVO -14.62% Aptevo Therapeutics Inc. · closed red 53% · green 46% (n=5,069) mcap $4M · float 1M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $SLSN -11.60% Solesence, Inc. · closed red 53% · green 46% (n=5,069) float 18M shares
  • $SOWG -11.19% Sow Good Inc. · closed red 53% · green 46% (n=5,069) mcap $66M · float 14M shares · sector: FOOD AND KINDRED PRODUCTS
  • $SCNI -10.68% Scinai Immunotherapeutics Ltd. · closed red 53% · green 46% (n=5,069) mcap $2M · float 5M shares · sector: BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
  • $SSM -10.63% Sono Group N.V. · closed red 53% · green 46% (n=5,069) float 1M shares
  • $IOTR -9.41% iOThree Limited mcap $6M · float 3M shares
  • $ABVC -9.15% ABVC BioPharma, Inc. mcap $23M · float 23M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $IBG -8.25% Innovation Beverage Group Limited mcap $2M · float 4M shares

Run the historical odds on FILTRIX.net before chasing after-hours momentum candles. Discipline > FOMO.

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