Expected Earnings Release: 03/24/2014, Premarket
Avg. Extended-Hours Dollar Volume: $323,423
ReneSola Ltd. (
) is due to issue its quarterly earnings report in the upcoming
extended-hours session. Given its history, traders can expect light
trading in the issue immediately following its quarterly earnings
announcement. Historical earnings event related premarket and
after-hours trading activity in SOL indicates that the price change
in the extended hours is likely to be of limited value in
forecasting additional price movement by the following regular
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 60%
Average next regular session additional gain: 6.6%
Over the prior three fiscal years (12 quarters), when shares of
SOL rose in the extended-hours session in reaction to its earnings
announcement, history shows that 60.0% of the time (3 events) the
stock posted additional gains in the following regular session by
an average of 6.6%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 66.7%
Average next regular session additional loss: 7.3%
Over that same historical period, when shares of SOL dropped in
the extended-hours in reaction to its earnings announcement,
history shows that 66.7% of the time (4 events) the stock dropped
further, adding to the extended-hours losses by an average of 7.3%
by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
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