Statistics of Price Movements of Momo Inc Ads (MOMO)

The price movements of Momo Inc Ads (ticker MOMO) are summarized in five ways:

• Table 1. Statistics of daily price changes using the closing prices
• Table 2. Statistics of daily price changes using the closing and opening prices
• Table 3 – 7. Statistics of daily price changes when MOMO opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
• Table 8 – 10. Statistics of stock price changes in the 20 days after MOMO had a big price move
• Table 11. Statistics of daily price changes in the 20 days after MOMO moved 5% with twice the 30-day average volume

The statistics are calculated using MOMO's price data across 1,547 trading days from 2015 to 2020.

Table 1. Statistics of MOMO one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 1,547 trading days, 47.0% of the time (727 days), MOMO closed above the previous day's closing price. 48.5% of the time (750 days), it closed below the previous day's closing price. 4.5% of the time (69 days), it did not change.

Also see: VIX price movement study.

MOMO Price Change (%)	Number of Days	% of Total Sessions
33 – 34%	1	0.06%
26 – 27%	1	0.06%
19 – 20%	1	0.06%
17 – 18%	3	0.19%
15 – 16%	2	0.13%
14 – 15%	1	0.06%
13 – 14%	1	0.06%
12 – 13%	4	0.26%
11 – 12%	3	0.19%
10 – 11%	3	0.19%
9 – 10%	9	0.58%
8 – 9%	12	0.78%
7 – 8%	15	0.97%
6 – 7%	21	1.36%
5 – 6%	36	2.33%
4 – 5%	41	2.65%
3 – 4%	83	5.37%
2 – 3%	114	7.37%
1 – 2%	165	10.67%
0 – 1%	211	13.65%
0%	69	4.46%
0 – -1%	231	14.94%
-1 – -2%	171	11.06%
-2 – -3%	112	7.24%
-3 – -4%	84	5.43%
-4 – -5%	53	3.43%
-5 – -6%	37	2.39%
-6 – -7%	24	1.55%
-7 – -8%	11	0.71%
-8 – -9%	7	0.45%
-9 – -10%	5	0.32%
-10 – -11%	3	0.19%
-11 – -12%	2	0.13%
-12 – -13%	3	0.19%
-14 – -15%	2	0.13%
-15 – -16%	2	0.13%
-17 – -18%	1	0.06%
-18 – -19%	1	0.06%
-20 – -21%	1	0.06%

Table 2. Statistics of MOMO: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of MOMO.

45.6% of the time (705 days), MOMO closed above the opening price. 50.2% of the time (777 days), it closed below the opening price. 4.2% of the time (65 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
16 – 17%	1	0.06%
14 – 15%	2	0.13%
13 – 14%	1	0.06%
11 – 12%	4	0.26%
10 – 11%	4	0.26%
9 – 10%	4	0.26%
8 – 9%	11	0.71%
7 – 8%	11	0.71%
6 – 7%	16	1.03%
5 – 6%	28	1.81%
4 – 5%	38	2.46%
3 – 4%	74	4.78%
2 – 3%	116	7.50%
1 – 2%	175	11.31%
0 – 1%	220	14.22%
0%	65	4.20%
0 – -1%	253	16.35%
-1 – -2%	190	12.28%
-2 – -3%	123	7.95%
-3 – -4%	78	5.04%
-4 – -5%	52	3.36%
-5 – -6%	20	1.29%
-6 – -7%	32	2.07%
-7 – -8%	9	0.58%
-8 – -9%	9	0.58%
-9 – -10%	2	0.13%
-10 – -11%	4	0.26%
-11 – -12%	1	0.06%
-13 – -14%	2	0.13%
-15 – -16%	1	0.06%
-18 – -19%	1	0.06%

Table 3. One-day performance when MOMO opened 5% higher than previous close

In the past 1,547 trading days, MOMO opened more than 5% higher than the previous day's closing price 27 times. Of these days, 48.1% (13 days) had closing prices above the opening price, and 51.9% (14 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
13 – 14%	1	3.70%
11 – 12%	1	3.70%
10 – 11%	1	3.70%
6 – 7%	3	11.11%
4 – 5%	1	3.70%
3 – 4%	1	3.70%
2 – 3%	1	3.70%
1 – 2%	2	7.41%
0 – 1%	2	7.41%
0 – -1%	2	7.41%
-2 – -3%	6	22.22%
-4 – -5%	1	3.70%
-6 – -7%	3	11.11%
-8 – -9%	1	3.70%
-18 – -19%	1	3.70%

Table 4. Closing vs. open when MOMO opened 4–5% higher

On 9 days, MOMO opened 4–5% higher than the previous day's closing price. Of these days, 33.3% (3 days) had closing prices above the opening price, and 66.7% (6 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	1	11.11%
1 – 2%	2	22.22%
0 – -1%	1	11.11%
-1 – -2%	2	22.22%
-2 – -3%	2	22.22%
-6 – -7%	1	11.11%

Table 5. Closing vs. open when MOMO open 3 – 4% higher

35 times MOMO opened 3 – 4% higher than the previous day's closing price. Among these days, 45.7% (16 days) closed above the opening price, 54.3% (19 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	1	2.86%
4 – 5%	2	5.71%
3 – 4%	1	2.86%
2 – 3%	1	2.86%
1 – 2%	5	14.29%
0 – 1%	6	17.14%
0 – -1%	6	17.14%
-1 – -2%	3	8.57%
-2 – -3%	2	5.71%
-3 – -4%	2	5.71%
-4 – -5%	3	8.57%
-5 – -6%	1	2.86%
-7 – -8%	1	2.86%
-10 – -11%	1	2.86%

Table 6. Closing vs. open when MOMO open 2 – 3% higher

63 times MOMO opened 2 – 3% higher than the previous day's closing price. Among these days, 38.1% (24 days) closed above the opening price, 60.3% (38 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	1.59%
6 – 7%	1	1.59%
4 – 5%	4	6.35%
3 – 4%	2	3.17%
2 – 3%	7	11.11%
1 – 2%	3	4.76%
0 – 1%	6	9.52%
0%	1	1.59%
0 – -1%	11	17.46%
-1 – -2%	11	17.46%
-2 – -3%	3	4.76%
-3 – -4%	5	7.94%
-4 – -5%	3	4.76%
-5 – -6%	1	1.59%
-6 – -7%	1	1.59%
-7 – -8%	2	3.17%
-8 – -9%	1	1.59%

Table 7. Closing vs. open when MOMO open 1 – 2% higher

201 times MOMO opened 1 – 2% higher than the previous day's closing price. Among these days, 45.8% (92 days) closed above the opening price, 53.7% (108 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
16 – 17%	1	0.50%
10 – 11%	1	0.50%
9 – 10%	2	1.00%
8 – 9%	1	0.50%
7 – 8%	4	1.99%
6 – 7%	4	1.99%
5 – 6%	4	1.99%
4 – 5%	4	1.99%
3 – 4%	12	5.97%
2 – 3%	10	4.98%
1 – 2%	23	11.44%
0 – 1%	26	12.94%
0%	1	0.50%
0 – -1%	34	16.92%
-1 – -2%	29	14.43%
-2 – -3%	19	9.45%
-3 – -4%	8	3.98%
-4 – -5%	7	3.48%
-5 – -6%	4	1.99%
-6 – -7%	3	1.49%
-7 – -8%	1	0.50%
-8 – -9%	1	0.50%
-9 – -10%	2	1.00%

Table 8. Periods when MOMO moved 15% or more

In this table, we track the price movements in the 20 days after MOMO had a one-day price change of at least 15%.

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19
20160406	33.6%	1.4	2.0	2.5	2.6	2.5	2.6	2.2
20150519	26.9%	5.7	10.0	12.7	4.8	5.3	-2.9	-3.9
20160223	19.7%	.7	-1.8	5.4	12.6	9.5	2.1	7.3
20160707	17.5%	.3	4.8	9.5	11.4	15.9	13.6	28.1
20160216	17%	4.3	14.3	36.0	36.9	54.8	54.2	50.1
20180223	17%	-4.3	-11.0	-5.0	5.0	4.3	3.4	8.8
20200706	15.6%	-2.1	-.1	-7.8	-10.4	-14.6	-14.7	-11.8
20180529	15.1%	-3.9	12.1	10.1	18.1	19.5	15.7	7.4
20200903	-15.6%	-7.7	-17.2	-10.9	-11.7	-16.5	-16.8	-12.0
20160509	-15.8%	6.6	-4.8	6.3	.7	.6	4.2	2.1
20160511	-17.7%	5.9	20.7	17.8	11.4	16.8	17.8	19.1
20171128	-18.8%	1.7	-1.1	-5.1	-1.3	.0	3.7	1.4
20170822	-20%	2.0	-5.9	7.0	5.3	4.7	3.6	2.4

Table 8a. MOMO average price changes following a 15% up day

Of the 1,547 trading days from 2015 to 2020, there were 8 days in which MOMO was up more than 15%. This table shows the average price changes over the 8 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	.3	3.8	7.9	10.1	12.1	9.2	11.0

Table 8b. MOMO average price changes following a 15% down day

Of the 1,547 trading days from 2015 to 2020, there were 5 days in which MOMO was down more than -15%. This table shows the average price changes over the 5 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	1.7	-1.7	3.0	.9	1.1	2.5	2.6

Table 9. Periods when MOMO moved 10% or more

In this table, we track the price movements in the 20 days after MOMO had a one-day price change of at least 10%.

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20160406	33.6%	1.4	2.0	2.5	2.6	2.5	2.6	2.2
20150519	26.9%	5.7	10.0	12.7	4.8	5.3	-2.9	-3.9
20160223	19.7%	.7	-1.8	5.4	12.6	9.5	2.1	7.3
20160707	17.5%	.3	4.8	9.5	11.4	15.9	13.6	28.1
20160216	17%	4.3	14.3	36.0	36.9	54.8	54.2	50.1
20180223	17%	-4.3	-11.0	-5.0	5.0	4.3	3.4	8.8
20200706	15.6%	-2.1	-.1	-7.8	-10.4	-14.6	-14.7	-11.8
20180529	15.1%	-3.9	12.1	10.1	18.1	19.5	15.7	7.4
20160823	14.3%	-1.0	11.2	21.2	22.6	9.4	15.8	18.6
20170308	13.9%	-12.1	-1.6	2.4	-4.0	.1	3.9	-.6
20150514	12.7%	.1	38.9	44.6	48.1	37.7	38.4	27.6
20170307	12.7%	14.0	4.6	15.8	7.1	11.1	13.7	16.1
20161107	12.1%	-13.0	-18.3	-18.7	-19.9	-18.8	-18.2	-22.0
20150212	12%	-4.1	-2.4	.1	9.0	6.0	-4.0	-7.6
20190312	11.9%	3.7	6.6	5.7	3.2	4.9	11.6	8.5
20160404	11.5%	-1.2	34.7	34.6	36.4	35.5	35.6	34.9
20180117	11.2%	-1.9	3.9	8.4	12.8	2.0	-5.6	1.2
20161010	10.9%	-5.2	-10.2	-7.4	1.6	-2.9	-9.0	-9.0
20161004	10.8%	1.5	6.9	-1.5	-1.6	.0	6.5	-1.6
20150709	10%	1.5	3.5	5.8	6.3	5.9	7.6	9.0
20190510	-10.2%	-3.9	2.2	-3.8	-10.2	-2.5	-5.1	2.7
20200501	-10.5%	-.1	3.5	1.2	-3.8	.7	-11.2	-7.4
20150824	-10.8%	1.1	.7	-10.6	-11.8	-5.9	-10.7	-10.6
20160909	-11.4%	8.9	9.0	9.1	8.7	6.5	2.0	12.7
20150305	-11.6%	-.5	-4.2	-7.1	-9.6	-5.9	-3.5	-4.5
20170309	-12.1%	2.4	12.6	14.0	10.8	12.5	13.4	9.5
20161108	-12.9%	1.1	-13.5	-8.2	-8.4	-7.6	-7.4	-11.4
20200316	-12.9%	2.0	6.7	7.9	3.8	.1	9.4	6.4
20160209	-14.6%	-1.9	-7.4	11.5	48.3	47.8	50.3	64.9
20181206	-14.6%	-9.2	-5.4	-10.2	-13.7	-12.5	-9.8	-8.2
20200903	-15.6%	-7.7	-17.2	-10.9	-11.7	-16.5	-16.8	-12.0
20160509	-15.8%	6.6	-4.8	6.3	.7	.6	4.2	2.1
20160511	-17.7%	5.9	20.7	17.8	11.4	16.8	17.8	19.1
20171128	-18.8%	1.7	-1.1	-5.1	-1.3	.0	3.7	1.4
20170822	-20%	2.0	-5.9	7.0	5.3	4.7	3.6	2.4

Table 9a. MOMO average price changes following a 10% up day

Of the 1,547 trading days from 2015 to 2020, there were 20 days in which MOMO was up more than 10%. This table shows the average price changes over the 20 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-.8	5.4	8.7	10.1	9.4	8.5	8.2

Table 9b. MOMO average price changes following a 10% down day

Of the 1,547 trading days from 2015 to 2020, there were 15 days in which MOMO was down more than -10%. This table shows the average price changes over the 15 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	.6	-.3	1.3	1.2	2.6	2.7	4.5

Table 10. Periods when MOMO moved 5% or more

In this table, we track the price movements in the 20 days after MOMO had a one-day price change of at least 5%.

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20160406	33.6%	1.4	2.0	2.5	2.6	2.5	2.6	2.2
20150519	26.9%	5.7	10.0	12.7	4.8	5.3	-2.9	-3.9
20160223	19.7%	.7	-1.8	5.4	12.6	9.5	2.1	7.3
20160707	17.5%	.3	4.8	9.5	11.4	15.9	13.6	28.1
20160216	17%	4.3	14.3	36.0	36.9	54.8	54.2	50.1
20180223	17%	-4.3	-11.0	-5.0	5.0	4.3	3.4	8.8
20200706	15.6%	-2.1	-.1	-7.8	-10.4	-14.6	-14.7	-11.8
20180529	15.1%	-3.9	12.1	10.1	18.1	19.5	15.7	7.4
20160823	14.3%	-1.0	11.2	21.2	22.6	9.4	15.8	18.6
20170308	13.9%	-12.1	-1.6	2.4	-4.0	.1	3.9	-.6
20150514	12.7%	.1	38.9	44.6	48.1	37.7	38.4	27.6
20170307	12.7%	14.0	4.6	15.8	7.1	11.1	13.7	16.1
20161107	12.1%	-13.0	-18.3	-18.7	-19.9	-18.8	-18.2	-22.0
20150212	12%	-4.1	-2.4	.1	9.0	6.0	-4.0	-7.6
20190312	11.9%	3.7	6.6	5.7	3.2	4.9	11.6	8.5
20160404	11.5%	-1.2	34.7	34.6	36.4	35.5	35.6	34.9
20180117	11.2%	-1.9	3.9	8.4	12.8	2.0	-5.6	1.2
20161010	10.9%	-5.2	-10.2	-7.4	1.6	-2.9	-9.0	-9.0
20161004	10.8%	1.5	6.9	-1.5	-1.6	.0	6.5	-1.6
20150709	10%	1.5	3.5	5.8	6.3	5.9	7.6	9.0
20171204	9.9%	-3.9	-1.5	-.1	2.3	2.7	1.7	-1.3
20150623	9.8%	-.1	-8.2	-6.6	-19.0	-11.4	-9.7	-7.6
20150924	9.8%	3.5	3.8	8.0	7.8	10.6	8.9	6.8
20170208	9.7%	-.4	1.7	8.0	7.8	3.6	6.5	20.0
20191104	9.7%	-1.6	2.1	-.6	1.9	-4.2	-5.4	-1.6
20181031	9.5%	8.7	6.6	-2.7	-2.1	-8.9	-5.6	-11.5
20200113	9.3%	-4.1	-8.2	-19.1	-26.2	-24.5	-20.0	-19.2
20170516	9.2%	-8.1	-2.3	-12.3	-15.1	-13.1	-8.0	-14.2
20160801	9.1%	3.9	1.9	2.4	11.7	10.9	37.1	49.6
20150424	8.9%	-3.9	-11.0	-12.3	-9.0	-11.5	3.3	35.8
20160912	8.9%	-4.6	1.9	-.5	-4.7	-3.3	3.8	.0
20180307	8.9%	-3.5	-.5	.5	7.6	5.0	1.0	.7
20161024	8.7%	-.4	-4.0	-12.5	.4	-17.2	-22.9	-20.0
20181101	8.6%	-2.9	.4	-13.6	-6.0	-16.0	-13.2	-17.7
20180822	8.5%	.1	8.4	5.3	2.9	-2.6	6.6	9.8
20160222	8.2%	19.8	19.4	21.4	33.1	27.8	20.2	27.6
20200102	8.2%	-.5	.1	12.0	4.7	-1.2	-17.2	-15.8
20151123	8.1%	-3.8	-5.4	-.1	8.5	7.0	10.9	12.2
20160517	8.1%	.4	-4.9	-5.0	-1.6	-3.5	-2.9	-4.8
20180601	8%	1.4	-.5	6.8	8.1	4.7	-2.9	-10.4
20200518	8%	1.6	-14.5	-5.7	-10.7	-5.8	-8.2	-11.8
20160822	7.9%	14.4	24.8	38.7	41.4	41.4	30.0	38.8
20180214	7.9%	.9	5.9	17.0	8.2	8.9	17.0	20.5
20190604	7.9%	-.3	6.4	6.7	10.4	13.6	18.4	23.8
20190905	7.9%	-1.1	-2.4	-2.7	-.4	-10.2	-14.5	-10.7
20190219	7.7%	-1.7	9.2	2.5	8.7	1.3	16.8	20.1
20160815	7.5%	-.2	-.6	21.6	36.5	48.8	50.5	34.3
20180507	7.5%	.5	-.8	-1.9	4.9	3.4	18.0	30.4
20160711	7.4%	.6	-.4	4.4	7.8	5.3	19.6	17.2
20160304	7.3%	-1.8	-5.7	-11.3	-5.8	-10.4	-12.3	-17.2
20170410	7.3%	-.3	1.8	-.8	2.5	2.3	5.4	4.3
20201001	7.3%	.4	2.6	1.2	-3.0	-3.5	3.0	2.6
20170314	7.2%	.6	1.8	-1.1	.4	1.2	-2.3	11.4
20170123	7.1%	.6	-2.2	-2.8	-2.3	6.2	8.5	15.3
20150409	7%	-3.7	-8.1	-8.1	-4.8	-2.2	-6.6	-8.4
20180827	7%	1.6	-1.3	-3.6	-8.8	-.1	2.9	-1.0
20151012	6.9%	-1.3	-2.9	-4.7	-6.3	-1.7	-1.2	5.1
20160318	6.8%	.7	-4.8	-10.0	-14.5	25.8	29.6	28.5
20170831	6.8%	-.9	-2.4	-1.0	-4.5	-6.3	-9.2	-15.2
20160825	6.7%	3.2	14.7	16.9	16.9	7.4	14.8	12.1
20190401	6.7%	-2.3	-2.0	-6.8	-11.8	-12.6	-8.1	-9.7
20200805	6.7%	2.0	1.0	-1.8	2.7	5.5	2.6	1.7
20150224	6.6%	2.0	-2.2	-9.6	-14.9	-18.3	-18.4	-15.2
20160510	6.6%	-17.7	-8.2	-7.0	-1.4	-3.9	-3.4	-1.2
20170105	6.6%	-.7	5.8	7.4	7.0	14.8	11.6	11.0
20180913	6.6%	1.1	1.8	-3.3	-5.7	-10.8	-16.5	-25.2
20190225	6.6%	-2.2	-5.8	-.2	-7.9	5.3	9.1	5.1
20150102	6.4%	2.5	-5.4	-15.6	-14.3	-12.3	-19.1	-22.2
20180531	6.4%	8.0	9.1	15.1	17.3	11.3	10.6	-6.7
20150408	6.3%	7.1	2.1	-2.2	.3	6.8	-1.1	-2.6
20151207	6.3%	.1	-3.0	3.5	6.0	8.9	6.5	5.8
20201111	6.3%	-3.6	-.8	-3.3	-5.6	-9.2	-12.6	-12.4
20150522	6.2%	.0	2.5	-4.7	-4.3	-11.7	-12.7	-5.1
20150302	6.1%	1.5	-8.1	-11.5	-14.2	-16.5	-13.0	-10.8
20160831	6.1%	-.0	1.1	-9.8	-4.5	-2.2	-1.4	-3.0
20181012	6%	1.0	-13.3	-15.4	-18.1	-10.8	-4.4	-7.0
20190618	6%	.3	4.3	9.9	12.2	6.9	5.9	5.0
20160512	5.9%	2.5	14.4	8.3	8.2	12.1	9.9	10.6
20150526	5.8%	.9	-10.1	-10.3	-15.5	-17.4	-13.4	-17.2
20160706	5.8%	17.6	27.3	26.1	32.2	36.5	33.3	51.5
20161116	5.8%	-1.7	-2.0	-1.1	-.9	-5.2	-3.9	-7.8
20170814	5.8%	-.8	-1.7	-17.6	-24.0	-13.6	-14.9	-15.4
20170830	5.8%	6.8	5.2	4.5	3.4	2.3	-1.8	-9.9
20200319	5.8%	3.3	4.5	.5	-3.1	5.9	3.1	5.9
20150520	5.7%	-2.0	10.1	5.0	1.8	-.9	-10.1	-9.3
20151106	5.7%	-6.3	-6.6	-11.2	-9.1	-5.6	-6.5	-.7
20190104	5.7%	3.2	6.3	6.0	19.1	11.7	18.2	19.8
20180102	5.6%	.2	8.0	3.9	-2.8	10.6	12.1	22.5
20171120	5.5%	-1.9	-2.4	-22.6	-24.7	-27.7	-24.9	-23.9
20181203	5.5%	-4.2	-25.7	-22.7	-26.6	-29.4	-28.4	-26.2
20190118	5.5%	.0	-2.4	-4.3	.2	-.4	-1.9	3.2
20190626	5.4%	2.4	4.6	-.3	-1.3	-2.1	-4.8	2.4
20171113	5.3%	-2.3	4.5	7.5	3.4	-19.7	-20.2	-18.2
20180608	5.3%	1.6	3.6	-1.8	-2.4	-17.6	-14.0	-15.0
20181022	5.3%	-.7	-3.9	4.6	12.2	9.1	-1.1	2.7
20200527	5.3%	-5.5	-7.1	-1.5	-4.0	-11.0	-7.4	-9.0
20170519	5.2%	-1.7	-11.9	-14.7	-12.6	-7.5	-13.7	-16.7
20170605	5.2%	1.6	-6.6	-8.8	-5.9	-2.9	-7.5	-7.8
20190828	5.2%	2.4	3.6	3.4	2.0	1.6	4.1	-6.2
20191107	5.2%	-.9	-3.5	-1.0	-7.0	-8.1	-4.4	-7.1
20150204	5.1%	-2.1	-4.1	2.9	4.7	7.4	16.9	13.7
20150617	5.1%	3.5	5.1	.7	-3.2	-10.1	-8.3	-1.9
20151201	5.1%	-.2	8.5	6.9	10.8	12.1	17.6	14.9
20170104	5.1%	6.7	14.7	14.5	14.3	21.7	19.3	18.1
20171116	5.1%	-2.9	-.2	-3.9	-25.4	-25.9	-24.0	-23.0
20190125	5.1%	-3.3	-2.0	-1.4	-5.9	.9	-3.3	1.8
20200507	5.1%	.9	-5.7	.4	-5.3	-10.1	-13.0	-7.6
20200818	5.1%	-3.7	-1.0	-3.7	-4.6	-27.6	-35.1	-30.1
20170406	5%	1.1	9.5	11.1	10.1	10.4	9.9	10.8
20180309	5%	-1.3	.8	3.2	3.6	-5.1	-2.3	-1.3
20180706	5%	.5	-2.3	-2.2	-2.1	-7.0	-13.8	-13.7
20190808	5%	1.0	-.0	10.2	5.1	6.1	17.6	8.1
20200204	5%	-1.6	.9	-1.5	-3.3	-8.3	-12.1	-12.6
20160202	-5%	-4.7	-15.1	-30.3	-21.5	-17.1	8.2	5.5
20161219	-5%	3.6	10.1	9.5	7.1	19.6	28.6	28.4
20180116	-5%	11.2	14.2	18.4	23.4	18.7	10.6	12.7
20181002	-5%	1.4	-9.0	-15.0	-10.1	-27.1	-27.9	-28.0
20161011	-5.1%	-2.1	-5.3	-.7	6.8	2.9	-6.2	7.7
20180208	-5.1%	4.8	15.8	17.7	15.7	26.9	24.7	40.3
20180625	-5.1%	-5.9	-9.7	-8.5	-3.2	-5.8	-5.7	-5.6
20181126	-5.1%	-1.1	4.4	5.5	-19.2	-15.2	-18.5	-22.2
20160310	-5.2%	2.6	-4.4	.5	-4.9	-10.1	-14.7	25.6
20180910	-5.2%	-.5	10.7	11.5	5.9	3.3	-2.3	-8.6
20200312	-5.2%	-3.9	-18.5	-10.3	-6.2	-11.6	-16.4	-8.8
20150707	-5.3%	-2.0	12.7	13.0	14.1	14.4	15.0	18.3
20171025	-5.3%	-1.0	3.1	.8	-3.8	1.1	8.8	9.3
20180412	-5.3%	-2.0	.2	3.4	.9	.5	-.1	6.1
20181018	-5.3%	-6.7	-7.7	-7.8	11.8	9.6	.0	.7
20181024	-5.3%	1.8	1.7	17.5	21.6	4.5	13.8	1.6
20160505	-5.4%	-6.4	-30.9	-22.9	-21.9	-17.1	-19.3	-18.9
20180627	-5.4%	3.6	2.8	8.4	2.7	3.6	4.0	-1.3
20190805	-5.4%	1.0	7.8	6.7	17.6	12.2	13.2	25.5
20190415	-5.5%	.7	-.9	2.4	-4.5	-1.0	-7.9	-19.5
20190924	-5.5%	1.9	-5.5	1.7	-3.0	3.1	6.7	4.9
20200528	-5.5%	-2.8	3.3	3.4	-3.3	-6.1	.1	-7.5
20200713	-5.6%	-2.4	-5.0	-8.2	-9.9	-7.4	-4.7	.2
20201201	-5.6%
20150601	-5.7%	.2	.6	-7.2	-8.2	-.2	1.3	-2.9
20150831	-5.7%	-3.3	-7.0	-1.1	-5.5	-5.3	-5.1	6.9
20161031	-5.7%	-1.1	-1.0	-2.4	-16.5	-11.3	-11.6	-10.8
20180830	-5.7%	3.3	.9	-4.5	4.6	7.6	3.6	2.5
20190517	-5.7%	-2.0	-4.6	-2.2	-1.3	6.0	13.1	13.4
20190927	-5.7%	-.8	6.8	1.8	8.3	12.1	10.2	8.8
20200626	-5.7%	4.2	7.9	22.2	24.6	15.1	11.8	6.6
20200908	-5.7%	.1	-.4	2.8	-1.9	-5.3	-5.8	2.7
20170627	-5.8%	2.4	-.3	4.7	10.9	11.6	13.3	18.7
20180626	-5.8%	-5.5	-1.4	-2.5	-.3	-3.0	.6	1.4
20160705	-5.9%	5.9	34.1	35.6	36.4	40.5	43.1	54.3
20170524	-5.9%	-.6	-3.8	-1.5	4.3	-2.7	-6.0	-1.9
20171130	-5.9%	-6.0	-2.3	3.2	3.7	7.7	5.9	6.8
20171201	-6%	9.9	5.5	9.7	11.2	15.3	12.7	11.3
20150609	-6.1%	-1.2	-2.3	6.2	7.7	3.3	-.7	-7.8
20170321	-6.1%	2.1	6.5	10.5	5.7	8.7	17.8	19.5
20170810	-6.1%	-1.1	3.6	5.9	-10.8	-19.9	-10.3	-11.7
20200722	-6.1%	-1.3	-1.5	1.9	10.8	12.8	13.2	18.1
20151109	-6.2%	-.9	-4.7	-5.0	4.9	.8	5.0	7.0
20160111	-6.2%	2.6	-3.3	-8.6	-10.1	-12.6	-16.9	-22.4
20161110	-6.2%	-.9	-1.4	-2.8	-1.5	-.8	-5.4	-5.3
20170825	-6.2%	-4.8	8.3	6.6	6.0	4.8	3.7	-.5
20160506	-6.3%	-15.8	-21.8	-10.9	-13.1	-17.8	-13.8	-13.1
20170609	-6.3%	.4	-3.0	1.2	5.1	1.4	-1.3	3.7
20191126	-6.4%	3.8	4.3	3.3	.5	.3	1.6	-2.3
20190801	-6.5%	-2.3	-6.2	-1.1	.7	4.0	.3	10.1
20190904	-6.5%	8.0	4.3	5.0	5.0	2.7	-2.0	-7.0
20181019	-6.6%	5.3	.8	.6	16.3	20.3	3.4	12.6
20150622	-6.7%	9.9	5.4	1.2	-6.0	-4.1	2.6	2.0
20160519	-6.7%	4.2	-1.4	3.4	4.2	5.4	.2	-.7
20161215	-6.7%	-.1	2.5	4.4	1.4	1.1	12.5	20.0
20181109	-6.7%	-3.5	5.0	-6.2	-3.0	-8.1	1.3	-17.2
20190429	-6.8%	2.1	7.2	-4.5	-19.0	-13.8	-18.9	-24.3
20190507	-6.8%	-1.0	-16.0	-10.7	-16.0	-21.5	-14.8	-17.1
20150821	-6.9%	-10.8	-10.7	-18.1	-21.3	-16.3	-20.0	-19.9
20181010	-6.9%	1.3	7.2	-13.1	-14.0	-14.1	4.1	2.0
20200124	-6.9%	-.1	2.1	8.2	9.3	10.5	5.9	3.2
20160525	-7%	2.9	6.6	4.5	5.2	3.2	-6.8	-6.4
20150106	-7.1%	.7	-1.6	-8.6	-10.3	-13.7	-15.5	-19.2
20181119	-7.1%	.1	3.5	-1.9	8.1	-11.6	-19.6	-17.6
20190307	-7.2%	.2	15.5	18.8	17.7	14.9	16.9	24.3
20150820	-7.3%	-7.0	-19.4	-21.3	-25.9	-25.8	-22.2	-25.7
20160107	-7.3%	-.6	-5.6	-9.9	-13.4	-14.2	-17.3	-26.2
20180327	-7.3%	-1.1	1.8	2.9	2.6	-3.7	-1.6	1.6
20160616	-7.5%	2.5	-3.8	-8.3	-9.5	-16.2	4.6	9.3
20200904	-7.6%	-5.7	-8.5	-2.6	-5.2	-10.5	-11.8	-4.3
20181004	-7.7%	.0	-10.4	-2.8	-16.5	-18.6	-21.2	-14.2
20161114	-7.9%	2.0	5.9	7.9	3.9	2.7	1.2	1.9
20170517	-8%	2.8	2.0	-2.8	-5.6	-.5	-.7	-5.5
20180724	-8%	2.1	-5.4	-5.3	-3.3	-.0	-14.5	-7.1
20181017	-8.2%	-5.4	-7.7	-10.7	-2.7	4.3	1.4	-8.1
20200122	-8.2%	-1.8	-7.1	-6.9	-2.7	-.2	-2.6	-4.3
20150706	-8.4%	-5.4	3.6	5.6	8.0	8.5	8.1	9.8
20160315	-8.5%	1.7	7.0	1.2	-4.4	-9.2	33.6	37.7
20180814	-8.7%	-2.1	6.4	19.1	29.0	25.3	22.4	15.8
20160208	-9.1%	-14.7	-21.0	-3.5	5.7	25.8	26.7	43.2
20181207	-9.1%	-1.3	3.6	-.3	-4.8	-1.4	-3.3	-2.2
20200522	-9.3%	.0	4.2	2.6	8.7	6.0	-1.8	2.2
20150227	-9.6%	6.1	-1.9	-7.7	-11.4	-11.5	-8.0	-7.0
20150113	-9.9%	-.5	1.6	.3	-7.1	-8.7	-.6	-3.7
20190510	-10.2%	-3.9	2.2	-3.8	-10.2	-2.5	-5.1	2.7
20200501	-10.5%	-.1	3.5	1.2	-3.8	.7	-11.2	-7.4
20150824	-10.8%	1.1	.7	-10.6	-11.8	-5.9	-10.7	-10.6
20160909	-11.4%	8.9	9.0	9.1	8.7	6.5	2.0	12.7
20150305	-11.6%	-.5	-4.2	-7.1	-9.6	-5.9	-3.5	-4.5
20170309	-12.1%	2.4	12.6	14.0	10.8	12.5	13.4	9.5
20161108	-12.9%	1.1	-13.5	-8.2	-8.4	-7.6	-7.4	-11.4
20200316	-12.9%	2.0	6.7	7.9	3.8	.1	9.4	6.4
20160209	-14.6%	-1.9	-7.4	11.5	48.3	47.8	50.3	64.9
20181206	-14.6%	-9.2	-5.4	-10.2	-13.7	-12.5	-9.8	-8.2
20200903	-15.6%	-7.7	-17.2	-10.9	-11.7	-16.5	-16.8	-12.0
20160509	-15.8%	6.6	-4.8	6.3	.7	.6	4.2	2.1
20160511	-17.7%	5.9	20.7	17.8	11.4	16.8	17.8	19.1
20171128	-18.8%	1.7	-1.1	-5.1	-1.3	.0	3.7	1.4
20170822	-20%	2.0	-5.9	7.0	5.3	4.7	3.6	2.4

Table 10a. MOMO average price changes following a 5% up day

Of the 1,547 trading days from 2015 to 2020, there were 113 days in which MOMO was up more than 5%. This table shows the average price changes over the 113 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	.1	1.2	1.3	1.6	.9	1.3	1.9

Table 10b. MOMO average price changes following a 5% down day

Of the 1,547 trading days from 2015 to 2020, there were 99 days in which MOMO was down more than -5%. This table shows the average price changes over the 99 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	-.2	-.4	.4	.3	.2	.7	2.0

28 stocks with statistics: AAPL, AMD, AMZN, APPN, AZN, BA, BAC, BIIB, CRM, CSCO, CX, DIS, FB, GE, GM, GOOG, IBM, INTC, JPM, JPM, MSFT, MU, NFLX, O, QQQ, SPY, T, TSLA,

Also see: VIX price movement study.