Statistics of Price Movements of Connectone Bancorp (CNOB)

The price movements of Connectone Bancorp (ticker CNOB) 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 CNOB 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 CNOB had a big price move
Table 11. Statistics of daily price changes in the 20 days after CNOB moved 5% with twice the 30-day average volume

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

Table 1. Statistics of CNOB 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, 46.4% of the time (718 days), CNOB closed above the previous day's closing price. 46.4% of the time (718 days), it closed below the previous day's closing price. 7.1% of the time (110 days), it did not change.

Also see: VIX price movement study.

CNOB Price Change (%)	Number of Days	% of Total Sessions
17 – 18%	1	0.06%
14 – 15%	1	0.06%
12 – 13%	1	0.06%
10 – 11%	1	0.06%
9 – 10%	4	0.26%
8 – 9%	3	0.19%
7 – 8%	10	0.65%
6 – 7%	5	0.32%
5 – 6%	7	0.45%
4 – 5%	17	1.10%
3 – 4%	35	2.26%
2 – 3%	75	4.85%
1 – 2%	212	13.71%
0 – 1%	346	22.38%
0%	110	7.12%
0 – -1%	356	23.03%
-1 – -2%	213	13.78%
-2 – -3%	81	5.24%
-3 – -4%	23	1.49%
-4 – -5%	19	1.23%
-5 – -6%	7	0.45%
-6 – -7%	5	0.32%
-7 – -8%	5	0.32%
-8 – -9%	3	0.19%
-9 – -10%	1	0.06%
-10 – -11%	1	0.06%
-11 – -12%	1	0.06%
-13 – -14%	1	0.06%
-16 – -17%	1	0.06%
-25 – -26%	1	0.06%

Table 2. Statistics of CNOB: 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 CNOB.

45.9% of the time (710 days), CNOB closed above the opening price. 47.4% of the time (733 days), it closed below the opening price. 6.7% of the time (104 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
13 – 14%	1	0.06%
10 – 11%	2	0.13%
8 – 9%	1	0.06%
7 – 8%	3	0.19%
6 – 7%	4	0.26%
5 – 6%	12	0.78%
4 – 5%	14	0.90%
3 – 4%	26	1.68%
2 – 3%	76	4.91%
1 – 2%	200	12.93%
0 – 1%	371	23.98%
0%	104	6.72%
0 – -1%	387	25.02%
-1 – -2%	218	14.09%
-2 – -3%	67	4.33%
-3 – -4%	30	1.94%
-4 – -5%	13	0.84%
-5 – -6%	7	0.45%
-6 – -7%	5	0.32%
-7 – -8%	3	0.19%
-8 – -9%	2	0.13%
-22 – -23%	1	0.06%

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

In the past 1,547 trading days, CNOB opened more than 5% higher than the previous day's closing price 7 times. Of these days, 42.9% (3 days) had closing prices above the opening price, and 57.1% (4 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	1	14.29%
4 – 5%	1	14.29%
2 – 3%	1	14.29%
0 – -1%	2	28.57%
-2 – -3%	2	28.57%

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

On 8 days, CNOB opened 4–5% higher than the previous day's closing price. Of these days, 62.5% (5 days) had closing prices above the opening price, and 37.5% (3 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	12.50%
3 – 4%	2	25.00%
2 – 3%	1	12.50%
1 – 2%	1	12.50%
-1 – -2%	1	12.50%
-2 – -3%	1	12.50%
-3 – -4%	1	12.50%

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

16 times CNOB opened 3 – 4% higher than the previous day's closing price. Among these days, 56.3% (9 days) closed above the opening price, 43.8% (7 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	1	6.25%
5 – 6%	2	12.50%
4 – 5%	3	18.75%
3 – 4%	1	6.25%
1 – 2%	1	6.25%
0 – 1%	1	6.25%
0 – -1%	1	6.25%
-1 – -2%	2	12.50%
-2 – -3%	3	18.75%
-4 – -5%	1	6.25%

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

12 times CNOB opened 2 – 3% higher than the previous day's closing price. Among these days, 33.3% (4 days) closed above the opening price, 66.7% (8 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	2	16.67%
4 – 5%	1	8.33%
0 – 1%	1	8.33%
0 – -1%	2	16.67%
-1 – -2%	3	25.00%
-3 – -4%	2	16.67%
-8 – -9%	1	8.33%

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

82 times CNOB opened 1 – 2% higher than the previous day's closing price. Among these days, 46.3% (38 days) closed above the opening price, 48.8% (40 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	1	1.22%
6 – 7%	1	1.22%
5 – 6%	1	1.22%
3 – 4%	1	1.22%
2 – 3%	9	10.98%
1 – 2%	14	17.07%
0 – 1%	11	13.41%
0%	4	4.88%
0 – -1%	23	28.05%
-1 – -2%	10	12.20%
-2 – -3%	4	4.88%
-3 – -4%	2	2.44%
-4 – -5%	1	1.22%

Table 8. Periods when CNOB moved 15% or more

In this table, we track the price movements in the 20 days after CNOB 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
20200518	17.1%	-6.4	.7	19.1	8.3	16.5	30.9	10.2
20200316	-16.4%	.5	-15.7	.1	5.5	-1.1	2.9	20.9
20200318	-25.3%	12.1	33.8	39.2	29.4	27.4	61.1	44.5

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

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

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	-6.4	.7	19.1	8.3	16.5	30.9	10.2

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

Of the 1,547 trading days from 2015 to 2020, there were 2 days in which CNOB was down more than -15%. This table shows the average price changes over the 2 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	6.3	9.0	19.6	17.4	13.2	32.0	32.7

Table 9. Periods when CNOB moved 10% or more

In this table, we track the price movements in the 20 days after CNOB 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
20200518	17.1%	-6.4	.7	19.1	8.3	16.5	30.9	10.2
20200324	14.1%	-.3	5.1	-1.5	2.5	20.4	2.3	4.9
20200319	12%	.2	19.0	25.4	17.6	22.3	43.7	22.0
20200526	10.5%	6.9	-2.8	4.6	17.5	-1.1	-1.5	.5
20200611	-10.6%	4.0	3.5	5.7	6.2	13.1	5.2	-2.3
20200309	-11.5%	.5	-13.2	-45.6	-36.2	-20.8	-23.8	-34.4
20200312	-13%	5.4	-33.9	-22.5	-3.7	-7.4	-20.3	-2.8
20200316	-16.4%	.5	-15.7	.1	5.5	-1.1	2.9	20.9
20200318	-25.3%	12.1	33.8	39.2	29.4	27.4	61.1	44.5

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

Of the 1,547 trading days from 2015 to 2020, there were 4 days in which CNOB was up more than 10%. This table shows the average price changes over the 4 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	.1	5.5	11.9	11.5	14.5	18.8	9.4

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

Of the 1,547 trading days from 2015 to 2020, there were 5 days in which CNOB was down more than -10%. 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 ≥ -10%	4.5	-5.1	-4.6	.2	2.3	5.0	5.2

Table 10. Periods when CNOB moved 5% or more

In this table, we track the price movements in the 20 days after CNOB 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
20200518	17.1%	-6.4	.7	19.1	8.3	16.5	30.9	10.2
20200324	14.1%	-.3	5.1	-1.5	2.5	20.4	2.3	4.9
20200319	12%	.2	19.0	25.4	17.6	22.3	43.7	22.0
20200526	10.5%	6.9	-2.8	4.6	17.5	-1.1	-1.5	.5
20200409	9.5%	.0	-15.1	-12.9	-11.3	-3.4	-7.5	-12.1
20200429	9.4%	-8.5	-13.0	-9.8	-27.1	-17.6	-17.3	-8.3
20200326	9.2%	-4.4	-11.2	-12.5	10.6	-.8	-2.7	-4.1
20200417	9%	-1.0	.8	9.8	5.2	-.1	.7	-13.9
20201109	8.8%	4.7	-1.0	-.7	2.1	7.8	2.9	10.7
20181025	8.2%	-4.6	-1.1	1.2	3.0	.6	-1.4	-4.8
20200427	8.2%	1.8	-2.5	-7.3	-6.6	-20.1	-14.1	-7.5
20200715	7.9%	-2.2	-3.1	-5.0	-4.8	-7.1	-3.5	6.2
20200605	7.8%	5.0	-15.7	-7.8	-12.1	-12.6	-7.7	-11.3
20200407	7.6%	7.2	8.1	-5.2	.4	2.9	24.2	5.9
20200520	7.5%	-.3	10.6	8.3	12.2	31.1	5.2	15.1
20200508	7.4%	-7.1	-20.6	-14.6	-8.0	8.7	-1.2	6.3
20200629	7.4%	3.4	-3.9	-10.7	-10.1	-7.6	-8.5	-10.2
20200408	7.2%	9.6	-1.7	-3.6	-5.0	3.9	6.0	.7
20200721	7.2%	-1.8	-5.3	-.6	-2.7	3.7	8.3	7.3
20201124	7.2%
20161109	7%	2.3	9.6	21.0	22.0	20.8	19.2	26.8
20160722	6.9%	.2	-.8	-1.6	1.2	1.4	1.5	.5
20200527	6.9%	-6.2	-8.9	5.5	-.5	-5.6	-7.5	-7.2
20160413	6.7%	-.2	.0	1.4	2.5	3.9	-.7	.2
20161118	6.6%	-2.1	.8	-.6	-2.3	5.4	8.2	10.5
20160518	6.3%	-4.7	-.9	-1.2	-2.8	-3.1	-3.0	-5.1
20191024	5.9%	.6	2.8	2.7	5.3	5.8	5.3	3.9
20170608	5.8%	2.3	1.5	-1.3	-4.9	-5.3	-4.2	-2.3
20200406	5.7%	7.6	26.4	7.4	10.1	12.1	22.1	16.9
20171026	5.5%	2.1	.9	1.7	-2.4	-1.5	.2	.4
20200313	5.4%	-16.5	-29.7	-16.1	-12.7	-18.9	-20.1	1.0
20151215	5%	2.3	2.0	2.4	2.8	-.2	-1.1	-4.9
20200608	5%	-.8	-16.5	-16.9	-15.2	-14.7	-9.2	-15.5
20200416	-5%	9.1	7.5	17.6	19.9	14.0	18.3	-4.4
20200709	-5.1%	5.0	11.5	.7	7.6	2.5	4.4	7.4
20200415	-5.3%	-5.0	.6	3.1	24.5	6.1	4.5	-2.7
20200617	-5.3%	.4	.7	-1.6	1.2	.2	-10.4	-7.5
20201111	-5.6%	-2.3	2.5	1.9	9.1	2.4	7.6	14.4
20200311	-5.7%	-13.1	-23.0	-35.5	-23.4	-19.2	-24.3	-21.2
20181204	-5.8%	.0	-1.7	1.0	-2.1	-5.8	-4.7	-1.9
20200528	-6.1%	-2.5	1.1	18.1	-5.2	3.7	-1.2	-1.7
20200519	-6.3%	7.5	7.6	19.4	15.9	34.2	26.6	20.1
20201027	-6.6%	-2.7	4.5	12.3	15.8	14.2	24.4	19.5
20200512	-6.7%	-6.7	5.3	5.7	17.3	14.8	19.0	39.0
20200513	-6.7%	-1.8	5.7	13.8	34.5	22.3	31.6	47.8
20200511	-7%	-6.7	-16.1	-1.1	-1.0	9.8	6.6	23.4
20170321	-7.2%	.0	2.2	6.7	8.5	6.5	4.7	2.2
20181024	-7.3%	8.3	6.9	11.3	11.5	8.3	6.9	3.4
20200701	-7.3%	.4	-4.8	-7.1	-1.3	-10.9	-4.8	-9.3
20200401	-7.6%	1.9	6.0	24.5	5.7	8.5	10.4	20.2
20200413	-8%	-2.5	-4.4	-5.7	3.1	5.1	-.1	3.7
20200403	-8.5%	5.7	33.7	19.9	17.6	15.9	26.7	29.2
20200430	-8.5%	-4.4	-9.1	-8.4	-21.7	-15.7	-9.3	7.2
20200610	-9.4%	-10.6	-2.3	-6.8	-7.3	-2.2	-6.0	-10.9
20200611	-10.6%	4.0	3.5	5.7	6.2	13.1	5.2	-2.3
20200309	-11.5%	.5	-13.2	-45.6	-36.2	-20.8	-23.8	-34.4
20200312	-13%	5.4	-33.9	-22.5	-3.7	-7.4	-20.3	-2.8
20200316	-16.4%	.5	-15.7	.1	5.5	-1.1	2.9	20.9
20200318	-25.3%	12.1	33.8	39.2	29.4	27.4	61.1	44.5

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

Of the 1,547 trading days from 2015 to 2020, there were 33 days in which CNOB was up more than 5%. This table shows the average price changes over the 33 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-.4	-2.2	-.7	-.1	1.6	2.1	1.3

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

Of the 1,547 trading days from 2015 to 2020, there were 26 days in which CNOB was down more than -5%. This table shows the average price changes over the 26 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	.1	.3	2.6	5.1	4.8	6.0	7.8

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Also see: VIX price movement study.