Statistics of Price Movements of L Brands Inc (LB)

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

The statistics are calculated using LB's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of LB 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 1,549 trading days, 46.8% of the time (724 days), LB closed above the previous day's closing price. 49.7% of the time (770 days), it closed below the previous day's closing price. 3.5% of the time (54 days), it did not change.

Also see: VIX price movement study.

LB Price Change (%)	Number of Days	% of Total Sessions
39 – 40%	1	0.06%
35 – 36%	1	0.06%
18 – 19%	1	0.06%
17 – 18%	2	0.13%
12 – 13%	3	0.19%
11 – 12%	3	0.19%
10 – 11%	4	0.26%
9 – 10%	5	0.32%
8 – 9%	5	0.32%
7 – 8%	4	0.26%
6 – 7%	10	0.65%
5 – 6%	12	0.78%
4 – 5%	26	1.68%
3 – 4%	57	3.68%
2 – 3%	110	7.11%
1 – 2%	199	12.86%
0 – 1%	281	18.15%
0%	54	3.49%
0 – -1%	326	21.06%
-1 – -2%	209	13.50%
-2 – -3%	98	6.33%
-3 – -4%	49	3.17%
-4 – -5%	29	1.87%
-5 – -6%	19	1.23%
-6 – -7%	12	0.78%
-7 – -8%	7	0.45%
-8 – -9%	4	0.26%
-9 – -10%	2	0.13%
-10 – -11%	1	0.06%
-11 – -12%	2	0.13%
-12 – -13%	3	0.19%
-13 – -14%	3	0.19%
-14 – -15%	1	0.06%
-15 – -16%	2	0.13%
-17 – -18%	1	0.06%
-19 – -20%	1	0.06%
-27 – -28%	1	0.06%

Table 2. Statistics of LB: 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 LB.

46.2% of the time (716 days), LB closed above the opening price. 50.0% of the time (774 days), it closed below the opening price. 3.8% of the time (59 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
31 – 32%	1	0.06%
13 – 14%	1	0.06%
11 – 12%	1	0.06%
9 – 10%	5	0.32%
8 – 9%	2	0.13%
7 – 8%	6	0.39%
6 – 7%	9	0.58%
5 – 6%	19	1.23%
4 – 5%	21	1.36%
3 – 4%	54	3.49%
2 – 3%	95	6.13%
1 – 2%	186	12.01%
0 – 1%	316	20.40%
0%	59	3.81%
0 – -1%	351	22.66%
-1 – -2%	201	12.98%
-2 – -3%	103	6.65%
-3 – -4%	61	3.94%
-4 – -5%	28	1.81%
-5 – -6%	14	0.90%
-6 – -7%	5	0.32%
-7 – -8%	1	0.06%
-8 – -9%	5	0.32%
-9 – -10%	1	0.06%
-12 – -13%	1	0.06%
-14 – -15%	1	0.06%
-17 – -18%	1	0.06%
-18 – -19%	1	0.06%

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

In the past 1,549 trading days, LB opened more than 5% higher than the previous day's closing price 24 times. Of these days, 54.2% (13 days) had closing prices above the opening price, and 45.8% (11 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
31 – 32%	1	4.17%
9 – 10%	2	8.33%
8 – 9%	1	4.17%
5 – 6%	2	8.33%
4 – 5%	1	4.17%
3 – 4%	2	8.33%
0 – 1%	4	16.67%
-1 – -2%	2	8.33%
-2 – -3%	2	8.33%
-3 – -4%	2	8.33%
-4 – -5%	3	12.50%
-5 – -6%	1	4.17%
-7 – -8%	1	4.17%

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

On 10 days, LB opened 4–5% higher than the previous day's closing price. Of these days, 50.0% (5 days) had closing prices above the opening price, and 50.0% (5 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	10.00%
3 – 4%	1	10.00%
1 – 2%	1	10.00%
0 – 1%	2	20.00%
-1 – -2%	2	20.00%
-3 – -4%	2	20.00%
-4 – -5%	1	10.00%

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

10 times LB opened 3 – 4% higher than the previous day's closing price. Among these days, 30.0% (3 days) closed above the opening price, 70.0% (7 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	10.00%
4 – 5%	1	10.00%
1 – 2%	1	10.00%
0 – -1%	2	20.00%
-1 – -2%	1	10.00%
-3 – -4%	2	20.00%
-5 – -6%	1	10.00%
-8 – -9%	1	10.00%

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

19 times LB opened 2 – 3% higher than the previous day's closing price. Among these days, 78.9% (15 days) closed above the opening price, 21.1% (4 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
6 – 7%	2	10.53%
5 – 6%	1	5.26%
2 – 3%	1	5.26%
1 – 2%	5	26.32%
0 – 1%	6	31.58%
0 – -1%	1	5.26%
-2 – -3%	1	5.26%
-8 – -9%	1	5.26%
-17 – -18%	1	5.26%

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

111 times LB opened 1 – 2% higher than the previous day's closing price. Among these days, 53.2% (59 days) closed above the opening price, 45.9% (51 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
9 – 10%	1	0.90%
8 – 9%	1	0.90%
7 – 8%	1	0.90%
5 – 6%	1	0.90%
4 – 5%	2	1.80%
3 – 4%	5	4.50%
2 – 3%	9	8.11%
1 – 2%	15	13.51%
0 – 1%	24	21.62%
0%	1	0.90%
0 – -1%	16	14.41%
-1 – -2%	12	10.81%
-2 – -3%	12	10.81%
-3 – -4%	6	5.41%
-4 – -5%	2	1.80%
-6 – -7%	1	0.90%
-8 – -9%	1	0.90%
-14 – -15%	1	0.90%

Table 8. Periods when LB moved 15% or more

In this table, we track the price movements in the 20 days after LB 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
20200324	39%	9.3	-7.5	-20.4	3.8	17.1	-1.0	-1.6
20200729	35.3%	-5.2	-3.6	.6	4.3	11.3	14.3	18.3
20200521	18.2%	4.4	19.0	14.5	23.5	24.9	8.3	7.0
20201119	17.6%
20200518	17.5%	-2.0	18.1	34.7	29.5	39.8	41.3	22.6
20200422	-15.5%	4.3	23.5	17.8	7.9	13.2	2.8	22.8
20170223	-15.8%	4.2	7.9	5.1	2.3	2.5	4.6	-2.2
20181120	-17.7%	3.3	12.5	18.1	16.1	11.9	10.7	3.8
20200312	-19.2%	1.8	-38.2	-42.1	-17.0	-27.0	-28.4	-8.0
20200316	-27.7%	-13.0	-16.1	19.6	1.2	-12.9	13.6	28.2

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

Of the 1,549 trading days from 2015 to 2020, there were 5 days in which LB was up 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%	1.5	4.9	5.5	11.6	19.3	12.6	9.2

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

Of the 1,549 trading days from 2015 to 2020, there were 5 days in which LB 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	-2.1	3.7	2.1	-2.5	.7	8.9

Table 9. Periods when LB moved 10% or more

In this table, we track the price movements in the 20 days after LB 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
20200324	39%	9.3	-7.5	-20.4	3.8	17.1	-1.0	-1.6
20200729	35.3%	-5.2	-3.6	.6	4.3	11.3	14.3	18.3
20200521	18.2%	4.4	19.0	14.5	23.5	24.9	8.3	7.0
20201119	17.6%
20200518	17.5%	-2.0	18.1	34.7	29.5	39.8	41.3	22.6
20200129	12.9%	.8	2.5	1.6	6.5	4.8	.9	1.2
20190523	12.8%	2.4	-6.7	-6.1	-6.4	-8.6	-7.2	-4.0
20200417	12.5%	-9.0	-22.9	-8.7	-12.9	-20.2	-16.3	-23.9
20200403	11.7%	10.7	31.7	24.1	21.5	-10.1	1.4	4.9
20200427	11.5%	9.4	4.3	-4.4	.3	-8.9	8.8	31.1
20170406	11%	-1.3	-.1	-.1	3.8	5.7	10.4	11.0
20200406	10.6%	5.5	19.0	.6	-.1	-15.3	.2	-4.4
20200526	10.6%	3.1	-.8	7.0	8.2	-6.2	-7.3	-12.2
20200304	10.2%	-4.3	-14.7	-33.8	-59.8	-62.3	-46.0	-52.5
20200408	10.1%	2.4	-3.5	-5.5	-30.1	-21.1	-18.4	-20.3
20200415	-10.3%	-3.0	-4.4	-18.3	1.3	-4.6	-11.4	-10.9
20200611	-11.3%	1.1	-.1	-5.4	-8.7	-3.3	.9	.3
20200401	-11.5%	-.8	29.4	45.9	23.4	22.6	3.9	23.0
20160505	-12%	-1.3	-4.4	-5.9	-14.1	-8.9	-3.7	-3.0
20180712	-12%	-1.9	.0	-2.5	-3.7	-2.1	.5	-2.1
20180104	-12.3%	-1.3	-5.2	-2.6	-3.9	4.3	2.5	-1.8
20180823	-13%	-2.2	-4.2	-6.4	-6.0	-.3	2.5	5.1
20200317	-13%	-3.4	-9.5	29.7	14.1	11.9	43.9	35.3
20180301	-13.8%	2.0	3.5	-.8	-3.4	-6.4	-11.7	-11.3
20170706	-14%	-3.0	-5.0	-2.2	-3.1	-2.3	-1.8	-4.7
20200422	-15.5%	4.3	23.5	17.8	7.9	13.2	2.8	22.8
20170223	-15.8%	4.2	7.9	5.1	2.3	2.5	4.6	-2.2
20181120	-17.7%	3.3	12.5	18.1	16.1	11.9	10.7	3.8
20200312	-19.2%	1.8	-38.2	-42.1	-17.0	-27.0	-28.4	-8.0
20200316	-27.7%	-13.0	-16.1	19.6	1.2	-12.9	13.6	28.2

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

Of the 1,549 trading days from 2015 to 2020, there were 15 days in which LB was up 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%	1.8	2.2	.1	-.7	-3.0	-.7	-1.5

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

Of the 1,549 trading days from 2015 to 2020, there were 15 days in which LB 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%	-.9	-.7	3.3	.4	-.1	1.9	5.0

Table 10. Periods when LB moved 5% or more

In this table, we track the price movements in the 20 days after LB 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
20200324	39%	9.3	-7.5	-20.4	3.8	17.1	-1.0	-1.6
20200729	35.3%	-5.2	-3.6	.6	4.3	11.3	14.3	18.3
20200521	18.2%	4.4	19.0	14.5	23.5	24.9	8.3	7.0
20201119	17.6%
20200518	17.5%	-2.0	18.1	34.7	29.5	39.8	41.3	22.6
20200129	12.9%	.8	2.5	1.6	6.5	4.8	.9	1.2
20190523	12.8%	2.4	-6.7	-6.1	-6.4	-8.6	-7.2	-4.0
20200417	12.5%	-9.0	-22.9	-8.7	-12.9	-20.2	-16.3	-23.9
20200403	11.7%	10.7	31.7	24.1	21.5	-10.1	1.4	4.9
20200427	11.5%	9.4	4.3	-4.4	.3	-8.9	8.8	31.1
20170406	11%	-1.3	-.1	-.1	3.8	5.7	10.4	11.0
20200406	10.6%	5.5	19.0	.6	-.1	-15.3	.2	-4.4
20200526	10.6%	3.1	-.8	7.0	8.2	-6.2	-7.3	-12.2
20200304	10.2%	-4.3	-14.7	-33.8	-59.8	-62.3	-46.0	-52.5
20200408	10.1%	2.4	-3.5	-5.5	-30.1	-21.1	-18.4	-20.3
20200319	9.7%	-8.9	29.7	9.8	-5.5	23.3	39.0	17.5
20200428	9.3%	1.6	-4.3	-11.1	-10.7	-13.7	-2.9	19.9
20200508	9.3%	-5.6	-14.2	2.4	23.4	40.8	35.4	46.1
20200325	9.2%	-5.7	-17.0	-18.6	4.7	-1.6	-12.1	-13.4
20200629	9%	-1.0	3.3	2.6	10.2	22.4	28.4	26.7
20200603	8.9%	-2.5	-1.4	-14.5	-15.6	-20.0	-22.8	-18.2
20200817	8.5%	-2.2	4.1	6.8	2.1	2.8	-.7	.9
20200715	8.2%	2.3	4.6	6.4	43.5	35.1	40.0	49.3
20171102	8%	-.8	.6	3.9	4.3	5.5	2.7	11.5
20191121	8%	4.9	12.3	5.8	5.2	3.8	3.1	7.7
20191204	7.9%	-3.4	-4.7	-5.3	-1.1	-2.3	-1.7	-3.1
20200103	7.8%	-3.7	.5	6.2	6.9	5.9	7.0	24.1
20170922	7.5%	3.2	7.3	7.7	8.2	5.5	4.1	5.9
20200901	7.2%	-.9	-8.3	-11.2	-5.4	-6.6	-6.1	-3.7
20190909	6.9%	3.8	5.6	6.1	3.6	6.3	6.8	3.3
20191022	6.8%	-.6	1.2	-3.9	.2	.1	-3.0	.8
20191212	6.8%	-4.2	.1	-1.1	-.5	-1.9	2.1	-1.8
20171130	6.7%	-.4	-1.5	3.4	4.5	7.6	9.4	9.2
20181126	6.7%	3.8	3.5	3.2	.1	-2.4	-9.3	-22.1
20191125	6.4%	-.5	-.2	-2.5	-9.3	-3.6	-6.6	-3.6
20181226	6.3%	-.3	-1.9	5.9	7.9	1.1	3.2	2.3
20190627	6.1%	-.8	3.7	4.7	-3.2	.3	-1.8	-1.8
20181108	6%	-1.2	-.4	-6.5	-20.5	-10.2	-10.4	-10.7
20200204	6%	3.2	1.4	2.0	1.2	1.1	-4.3	-6.5
20181011	5.9%	3.9	3.5	-1.5	1.3	7.4	12.0	15.4
20180914	5.5%	-1.8	3.1	2.4	4.6	1.4	.5	4.3
20200810	5.5%	-2.0	-3.5	3.6	7.8	8.9	14.7	9.6
20150205	5.4%	1.9	2.6	3.6	-1.3	.4	.7	.1
20190604	5.4%	-1.4	-9.2	-7.6	-4.9	2.3	3.2	10.7
20200407	5.4%	10.1	3.5	-7.6	-8.9	-22.1	-3.5	-9.1
20201022	5.3%	2.5	-4.8	-2.6	.4	.4	1.3	-.9
20190301	5.2%	-2.5	-4.4	-4.5	-3.3	.2	-.5	1.6
20201207	5.2%
20160818	5.1%	-.1	-.8	-1.3	-3.9	-5.8	-8.3	-8.2
20200123	5.1%	-1.2	10.6	6.9	14.2	17.1	15.9	17.1
20201015	5%	-.9	-4.3	1.6	-2.2	.4	-.9	1.6
20170817	-5%	-3.6	-3.8	-2.9	-3.5	-2.3	-1.2	7.8
20170920	-5%	-.9	14.3	11.8	11.1	13.3	11.3	11.5
20190507	-5%	.2	-7.8	-8.2	-6.8	2.1	-7.0	-6.4
20191030	-5%	1.1	5.3	5.3	2.0	6.0	1.8	13.2
20191202	-5.1%	-4.6	-1.9	-4.7	-1.5	1.3	.3	.3
20200730	-5.1%	-.5	4.0	12.0	8.1	14.8	22.1	25.3
20201118	-5.1%
20190522	-5.2%	12.8	13.3	4.5	10.2	1.5	3.3	6.3
20200903	-5.2%	1.8	-5.4	-2.1	1.8	1.6	6.4	12.2
20180308	-5.3%	1.5	-.8	-4.1	-7.8	-8.4	-8.2	-8.1
20200528	-5.3%	-.6	12.5	18.6	-4.9	-.9	-11.1	-14.9
20200506	-5.4%	1.7	2.3	-1.2	11.2	37.2	48.1	52.9
20190815	-5.5%	3.4	3.3	-14.1	-15.6	-19.5	-15.1	-5.3
20200311	-5.5%	-19.3	-48.4	-50.2	-29.0	-39.9	-48.3	-32.5
20181220	-5.6%	-3.1	1.8	-.1	3.0	9.7	3.0	3.9
20200326	-5.6%	-4.2	-22.1	-4.5	13.6	7.1	4.9	-22.5
20200511	-5.6%	-2.5	-5.8	6.0	30.8	41.2	45.7	62.0
20200513	-5.6%	-1.1	18.0	42.3	62.3	56.0	68.4	70.3
20200624	-5.6%	1.9	8.0	12.7	12.0	20.2	33.5	40.0
20200228	-6%	2.7	7.6	-4.1	-25.6	-54.8	-57.7	-39.3
20170803	-6.1%	4.1	2.5	-2.5	-9.7	-11.7	-12.1	-13.3
20181219	-6.1%	-5.6	-9.7	-6.5	-3.4	6.0	-.9	-2.3
20180531	-6.2%	1.9	9.4	8.9	6.1	6.0	8.2	8.6
20200323	-6.2%	39.0	37.3	11.6	36.9	62.8	53.4	50.3
20190513	-6.3%	.4	.0	-4.1	10.7	2.1	7.1	1.2
20190801	-6.3%	-.6	-2.3	-9.3	-19.0	-18.1	-27.9	-31.4
20200330	-6.3%	-2.0	-3.8	23.7	16.3	3.8	2.3	-12.6
20200609	-6.5%	-3.3	-14.0	-13.5	-18.6	-23.2	-16.3	-16.1
20160204	-6.9%	-4.0	-5.1	-7.6	-5.5	-5.3	-4.7	-1.6
20170504	-6.9%	3.3	8.0	.2	.5	1.4	2.2	4.4
20200430	-6.9%	.9	-7.6	-3.0	-11.9	5.2	26.8	44.7
20190529	-7%	1.1	6.1	.3	-3.5	-.5	5.7	5.8
20180510	-7.1%	2.1	7.9	7.5	11.2	11.6	9.1	17.1
20200619	-7.2%	1.2	-2.4	3.4	7.9	7.2	15.1	27.8
20200309	-7.4%	.8	-21.7	-52.5	-55.5	-36.2	-43.9	-45.0
20191120	-7.5%	8.1	20.1	20.5	17.7	9.4	16.3	12.7
20161101	-7.8%	-1.3	-1.2	2.5	3.3	5.5	8.4	7.9
20170105	-7.8%	-1.3	-1.2	-2.2	-1.8	-.8	-4.9	-5.2
20190814	-8%	-5.6	-4.5	-15.9	-20.0	-20.8	-19.3	-11.0
20200413	-8.1%	2.6	.5	-25.7	-16.1	-13.3	-15.2	-10.9
20200320	-8.9%	-6.2	34.4	18.2	16.0	49.1	40.2	25.2
20200420	-8.9%	-3.8	-17.8	1.9	-4.0	-10.8	-10.4	-13.4
20190823	-9.3%	-3.5	-5.2	-9.5	-4.7	6.4	10.9	7.5
20191018	-9.8%	1.8	7.5	8.8	7.5	10.1	7.4	7.8
20200415	-10.3%	-3.0	-4.4	-18.3	1.3	-4.6	-11.4	-10.9
20200611	-11.3%	1.1	-.1	-5.4	-8.7	-3.3	.9	.3
20200401	-11.5%	-.8	29.4	45.9	23.4	22.6	3.9	23.0
20160505	-12%	-1.3	-4.4	-5.9	-14.1	-8.9	-3.7	-3.0
20180712	-12%	-1.9	.0	-2.5	-3.7	-2.1	.5	-2.1
20180104	-12.3%	-1.3	-5.2	-2.6	-3.9	4.3	2.5	-1.8
20180823	-13%	-2.2	-4.2	-6.4	-6.0	-.3	2.5	5.1
20200317	-13%	-3.4	-9.5	29.7	14.1	11.9	43.9	35.3
20180301	-13.8%	2.0	3.5	-.8	-3.4	-6.4	-11.7	-11.3
20170706	-14%	-3.0	-5.0	-2.2	-3.1	-2.3	-1.8	-4.7
20200422	-15.5%	4.3	23.5	17.8	7.9	13.2	2.8	22.8
20170223	-15.8%	4.2	7.9	5.1	2.3	2.5	4.6	-2.2
20181120	-17.7%	3.3	12.5	18.1	16.1	11.9	10.7	3.8
20200312	-19.2%	1.8	-38.2	-42.1	-17.0	-27.0	-28.4	-8.0
20200316	-27.7%	-13.0	-16.1	19.6	1.2	-12.9	13.6	28.2

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

Of the 1,549 trading days from 2015 to 2020, there were 51 days in which LB was up more than 5%. This table shows the average price changes over the 51 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	.3	1.0	-.1	.9	1.3	2.4	3.1

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

Of the 1,549 trading days from 2015 to 2020, there were 59 days in which LB was down more than -5%. This table shows the average price changes over the 59 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	.4	.7	.6	.9	2.6	3.5	5.2

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.