TY - JOUR T1 - Do Opening Stock Prices Contain<br/>Information Content? JF - The Journal of Trading SP - 8 LP - 14 DO - 10.3905/jot.2013.8.3.008 VL - 8 IS - 3 AU - Harlan Platt AU - Licheng Cai Y1 - 2013/06/30 UR - https://pm-research.com/content/8/3/8.abstract N2 - 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 ER -