PT  - JOURNAL ARTICLE
AU  - Harlan Platt
AU  - Licheng Cai
TI  - Do Opening Stock Prices Contain<br/>Information Content?
AID  - 10.3905/jot.2013.8.3.008
DP  - 2013 Jun 30
TA  - The Journal of Trading
PG  - 8--14
VI  - 8
IP  - 3
4099  - https://pm-research.com/content/8/3/8.short
4100  - https://pm-research.com/content/8/3/8.full
AB  - Some traders employ strategies based on taking advantage of opening price gaps. Using a large data set of company-specific trading days, we explore the question of whether, after opening with a price gap, securities tend to continue to trade in the direction of the gap or whether they trade in the reverse direction. We also compare the opening price level following a price gap to the intraday high and low price.TOPICS: Security analysis and valuation, statistical methods