Thursday, August 10, 2017

What happens to stocks after a selloff?

Based on daily AAPL closing prices from 01/21/92 to 06/12/17 the issue fell more than three percent 590 times.  The issue continued to fall on the following day 332 times.  The largest following rally occurred on 07/11/97 when the issue closed higher by 15 percent.  The largest following correction occurred on 07/16/93 when the issue closed lower by -23 percent.

Based on daily AMD closing prices from 12/18/91 to 07/28/17 the issue fell more than three percent 993 times.  The issue continued to fall on the following day 479 times.  The largest following rally occurred on 10/17/02 when the issue closed higher by 24 percent.  The largest following correction occurred on 06/18/92 when the issue closed lower by -38 percent.

Based on daily BABA closing prices from 09/23/14 to 12/02/16 the issue fell more than three percent 39 times.  The issue continued to fall on the following day 22 times.  The largest following rally occurred on 09/09/15 when the issue closed higher by 5 percent.  The largest following correction occurred on 01/29/15 when the issue closed lower by -9 percent.

Based on daily BIDU closing prices from 08/09/05 to 05/01/17 the issue fell more than three percent 313 times.  The issue continued to fall on the following day 148 times.  The largest following rally occurred on 05/10/06 when the issue closed higher by 37 percent.  The largest following correction occurred on 11/17/08 when the issue closed lower by -25 percent.

Based on daily CMG closing prices from 02/02/06 to 07/24/17 the issue fell more than three percent 192 times.  The issue continued to fall on the following day 93 times.  The largest following rally occurred on 04/19/13 when the issue closed higher by 12 percent.  The largest following correction occurred on 10/15/08 when the issue closed lower by -10 percent.

Based on daily JWN closing prices from 12/17/91 to 08/03/17 the issue fell more than three percent 549 times.  The issue continued to fall on the following day 288 times.  The largest following rally occurred on 11/24/08 when the issue closed higher by 25 percent.  The largest following correction occurred on 11/19/08 when the issue closed lower by -13 percent.

Based on daily NFLX closing prices from 05/28/02 to 07/28/17 the issue fell more than three percent 435 times.  The issue continued to fall on the following day 199 times.  The largest following rally occurred on 10/10/02 when the issue closed higher by 36 percent.  The largest following correction occurred on 07/26/02 when the issue closed lower by -16 percent.

Based on daily NVDA closing prices from 01/26/99 to 07/28/17 the issue fell more than three percent 662 times.  The issue continued to fall on the following day 321 times.  The largest following rally occurred on 01/03/01 when the issue closed higher by 31 percent.  The largest following correction occurred on 07/03/08 when the issue closed lower by -31 percent.

Read More: What happens the day after a selloff...

Read More: What happens the week after a selloff...