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$FC -23.45% — what the base rate says

$FC -23.45% — what the base rate says

$SURG gets a post-close boost of +68.98% on its wireless subscriber restructuring news. It looks spectacular on a percentage chart.

But the base rate holds no sentiment. Out of 2,881 historical instances of catalyst-driven gaps greater than 30%, the asset closes red 65% of the time, with a median intraday return of -6.79%.

On the other side of the tape, Borr Drilling ($BORR) gaps up +28.07% on completing its senior notes redemption. In 25 historical gap-up days for $BORR specifically, the ticker closes red 52% of the time.

When the historical edge sits with the short-side, chasing the evening gap is just paying a volunteer tax to the market.

What the data showed

  • $FC -23.45% Franklin Covey Co. · closed red 54% · green 45% (n=178)
  • $MGM -18.88% MGM Resorts International · closed red 55% · green 44% (n=3,606) mcap $12.6B · float 186M shares · sector: HOTELS & MOTELS
  • $LGCL -16.76% Lucas GC Limited · closed red 55% · green 44% (n=3,606) mcap $71M · float 64M shares
  • $DXF -16.66% Eason Technology Limited · closed red 56% · green 43% (n=2,301) mcap $1M · float 2M shares
  • $TNMG -13.28% TNL Mediagene · closed red 54% · green 45% (n=4,138) mcap $2M · float 2M shares
  • $LHAI -13.14% Linkhome Holdings Inc. · closed red 53% · green 46% (n=6,903) mcap $11M · float 6M shares · sector: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS)
  • $GLMD -12.41% Galmed Pharmaceuticals Ltd. · closed red 54% · green 45% (n=4,138) mcap $4M · float 7M shares
  • $SDOT -11.75% Sadot Group Inc. · closed red 54% · green 45% (n=4,138) mcap $22M · float 652,500 shares · sector: RETAIL-EATING & DRINKING PLACES
  • $UPC -9.89% Universe Pharmaceuticals INC mcap $1M · float 3M shares
  • $FRGT -9.87% Freight Technologies, Inc. mcap $2M · float 572,000 shares · sector: ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO

Before you chase another micro-cap buzzword gap or panic-sell an earnings miss, study the base rates. Run the historical odds on FILTRIX.net to see how these setups actually play out. Discipline > FOMO

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