Below we highlight the 8 best and worst performing stocks in the Russell 1,000 on the day. We looked back at previous times each of these stocks has had a similar move in the past four years to find the typical move on the following day. Ciena (CIEN) was up 17.21% today, and it has been up over 17% two other times in the past four years. Neither time did it go up the following day, and its average next-day change was -0.58%.
WLP and CTCM were each down over 3% today. Historically, they have respectively gone up 80% and 70% of the time the following day.
This is part of a Bespoke Premium daily report.