Dell Gaps Down on Earnings: Likely to Gain from Open to Close

Nov.30.07 | About: Dell Inc. (DELL)

Dell (NASDAQ:DELL) is currently trading down $2.96 in the pre-market after reporting earnings Thursday evening. From the Bespoke Earnings Report Database, we pulled out all prior times where DELL has gapped lower at the open following a weak earnings report.

Since the end of 2001, the stock has gapped down on earnings 12 times out of 24 reports (50% of the time). Of those 12 times, the stock has gone higher from the open to the close 9 times or 75%. The average change of the stock from the open to the close on these 12 days has been 0.89%.

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