Chart Library
From the most talked-about stocks since yesterday's close: the ones with real company news and a real move, the biggest move for the stock first. What happened, the levels, and what the last times like this did. How much, not which way.
Two of this morning's names, Crown Castle and AT&T, are moving on the same SpaceX cell-site report, while Ringcentral is a stand-alone earnings beat with raised guidance. Notice how far each gap is from a normal day for that stock, and how often past gaps of similar size and type filled.
Market check
Temperature: mixed. SPY is below its 50-day average; SPY is gapping down before the open; new highs are outnumbering new lows.
SPY −0.5% premarket, above its 200-day, below its 20- and 50-day
QQQ −0.3% premarket, above its 200-day, below its 20- and 50-day
IWM −0.7% premarket, below its 20-, 50- and 200-day averages
Breadth: about half of liquid US stocks are above their 50-day average and about half above their 200-day. Yesterday about 6 in 10 closed up, and new 20-day highs outnumbered new lows about 2 to 1.
| RNG +15.2% · a big gap, about 3 normal days · earnings + guidance In the first hour it typically pulled back about $3.72 toward yesterday's close (1 day in 4, more than $6.07), and the day's high was set before 10:00 about 6 in 10 times. A typical day swung about $11.43 (12%) from high to low; a full round trip back to yesterday's close ($79.42, 13% under the open) happened in 23 of 227 similar gaps. (227 similar past gaps) its own move · bigger than options priced · thin premarket |
| CCI +10.3% · a big gap, about 3 normal days · SpaceX report + earnings In the first hour it typically pulled back about $2.31 toward yesterday's close (1 day in 4, more than $4.24), and the day's high was set before 10:00 about 5 in 10 times. A typical day swung about $6.26 (7%) from high to low; a full round trip back to yesterday's close ($78.83, 9% under the open) happened in 18 of 169 similar gaps. Its own record differs: 2 of its last 4 similar gaps filled. (169 similar past gaps) a group move · about 6 days of options-priced movement · thin premarket |
| T −4.4% · a big gap, about 2 normal days · SpaceX report + earnings In the first hour it typically bounced about $0.30 toward yesterday's close (1 day in 4, more than $0.47), and the day's low was set before 10:00 about 5 in 10 times. A typical day swung about $0.68 (3%) from high to low; a full round trip back to yesterday's close ($22.74, 5% over the open) happened in 292 of 2,241 similar gaps. (2,241 similar past gaps) a group move · bigger than options priced |
How to read it. A normal day is the stock's average daily range over 20 days. A round trip (a "fill") means the stock traded all the way back to yesterday's close the same day, erasing the gap. Gaps like this are past days with the same size of gap for that stock, the same kind of news and the same market direction. A record of past days, not a forecast or a call.
The 10:00 check (from 3,996 past gap days): at 10:00, half an hour after the 9:30 open, look at where the stock is against its opening price. When it was clearly above its opening price, it closed above it about 3 times in 4; clearly below, it closed below about 3 times in 4; about 9 times in 10 when it was well away from it. Sitting near its opening price at 10:00, it was a coin flip.
1. Ringcentral, Inc. (RNG) +15.2%earnings + guidance
Q3 adj. EPS $1.33 vs $1.28 est, revenue $676.043M vs $667.035M est; FY26 guidance raised to adj. EPS $5.07-$5.12 (vs $5.04 est) and sales $2.650B-$2.657B (vs $2.641B est).
How the closest look-alikes traded. Of the 10 closest daily look-alikes, 4 sold off at the open, then climbed back; the other 6 each went their own way. None filled the gap. A week later, 7 of 10 were above their gap-day open.
- If it trades below its premarket low so far ($90.69, as of 8:01): 77 of 216 past gaps like this did. Of those 77, 22 closed above the open and 21 went on to fill.
- If it breaks below its first-15-minute low after 9:45: 107 of 227 past gaps like this did. Of those 107, 18 closed above the open and 22 went on to fill.
- If it breaks above its first-15-minute high after 9:45: 116 of 227 past gaps like this did. Of those 116, 103 closed above the open and 1 went on to fill.
Mornings that looked like this one before the bell. Of the 10 closest premarket look-alikes, 3 sold off at the open, then climbed back; 2 slid from the open and kept going; 2 popped at the open, then sold off; the other 3 each went their own way. One filled the gap.
Why it's here: 3 separate stories since the close, a gap of 3.4 normal days, premarket $ volume 2% of a normal day.
The news
· Thu 18:02 — RingCentral Reports Q3 2026 Financial Results
· Fri 07:32 — RingCentral Expands Partnership with Golden State Warriors
· Thu 18:10 — RingCentral Q3 2026 Earnings Call Transcript
This is a clean beat-and-raise that is specific to RingCentral. FY26 adj. EPS guidance moved from $4.96-$5.10 to $5.07-$5.12, and sales guidance from $2.635B-$2.646B to $2.650B-$2.657B, both above the Street. Q4 guidance is closer to in line: adj. EPS $1.32-$1.37 vs $1.35 est (midpoint $1.345, just under), sales $673M-$680M vs $672.514M est. Management cited record GAAP and non-GAAP operating margins, gross debt cut below $1B ahead of schedule, and AI products at 15% of ARR. Needham raised its target to $110 and Morgan Stanley (Equal-Weight) to $91; the Golden State Warriors partnership expansion is minor.
The last times like this
In 227 past earnings gaps up of this size on a morning the market also gapped down, 8 in 10 closes landed between $81.28 and $101.62 at today's price; yesterday's close, the fill, is $79.42.
RNG's own last 3 similar gaps: 2 kept going, 1 came back toward the open without filling, none filled. The latest, Feb 20 '26, did not fill and closed well above the open.
The next week or two (the 227 most recent similar gaps). Five sessions later they were above the gap-day open about 5 in 10 times; the middle one closed near $93.09 at today's price, with most between $85.98 and $100.67. Ten sessions later, about 5 in 10 were above the gap-day open. Within the week, about 5 in 10 traded through the gap day's low, and about 3 in 10 closed the fifth session beyond the gap day's high.
Levels
| Premarket (as of 8:01) | $91.50 (+15.2%) |
| Premarket high / low so far | $93.00 / $90.69 |
| Yesterday's close (the fill) | $79.42 |
| 20-day high / low | $83.72 / $72.29 |
| 52-week high | $83.72 |
Peers and options
Co-mentioned in the news:
| Premarket | Last 20 days | |
| FIVN | +2.3% | −4.3% |
| XLK (sector ETF) | −0.3% |
None of its peers trading premarket is moving with it: the move is RNG's own.
Options: at yesterday's close the $79 straddle expiring today priced a move of about ±11.0%. The premarket gap is +15.2%, 1.4× what options priced.
Numbers
| Premarket trading | thin ($2.4M, 2% of a normal day) |
| A normal day for it | 4.5% (its 20-day average range) |
| Short interest | 10% of float, 4.0 days to cover |
| Last 20 days | +9.5% |
What to watch
- Whether the premarket gap holds after the open, given the Q4 EPS guide midpoint sits just under the $1.35 estimate
- Further analyst target changes after Needham ($110) and Morgan Stanley ($91)
The company
RingCentral sells cloud-based unified communications (voice, video, messaging) and contact center software by subscription. Revenue is mostly recurring subscription fees, with a growing AI product line. What its investors watch: Subscription revenue growth and AI products' share of ARR (15% now); Operating margin expansion and free cash flow used for debt paydown and buybacks.
2. Crown Castle Inc. (CCI) +10.3%SpaceX report + earnings
Bloomberg reported SpaceX is in talks to access about 80,000 US cell sites, with Crown Castle named as one of the operators; Q3 EPS $1.24 vs $1.16 est, revenue $995M vs $1.01B est.
How the closest look-alikes traded. Of the 10 closest daily look-alikes, 3 slid from the open and kept going; 2 sold off at the open, then climbed back; 2 pushed up at the open and held it; the other 3 each went their own way. 2 filled the gap. A week later, 6 of 10 were above their gap-day open.
- If it trades below its premarket low so far ($83.50, as of 8:03): 53 of 167 past gaps like this did. Of those 53, 16 closed above the open and 15 went on to fill.
- If it breaks below its first-15-minute low after 9:45: 80 of 169 past gaps like this did. Of those 80, 16 closed above the open and 15 went on to fill.
- If it breaks above its first-15-minute high after 9:45: 85 of 169 past gaps like this did. Of those 85, 73 closed above the open and 1 went on to fill.
Mornings that looked like this one before the bell. Of the 10 closest premarket look-alikes, 4 popped at the open, then sold off; 2 pushed up at the open and held it; the other 4 each went their own way. 3 filled the gap.
Why it's here: 2 separate stories since the close, a gap of 3.2 normal days, premarket $ volume 1% of a normal day.
The news
· Fri 07:32 — Reports of SpaceX Discussions Regarding Crown Castle Cell Sites
· Thu 18:01 — TD Cowen Adjusts Price Target on Crown Castle to $98 From $92
The SpaceX report is the new, company-specific item. Bloomberg named Crown Castle as one of the operators in talks, and the CEO did not deny it on the Q3 call, saying "you can assume that we're talking to all parties." No terms, counterparty agreement or timing have been disclosed, so it remains talks, though one article says the deals could be worth billions. Q3 was mixed: EPS beat, revenue missed, and the full-year 2026 adjusted EBITDA outlook midpoint rose $25M to $2.715B. TD Cowen's raise to $98 from $92 is an analyst note after the call. Verizon, AT&T and T-Mobile, which supply more than 90% of Crown Castle's revenue, each fell after hours on the report, so the news pulls in different directions for the tenants and the landlord.
The last times like this
In 169 past news gaps up of this size on a morning the market also gapped down, 8 in 10 closes landed between $80.61 and $91.47 at today's price; yesterday's close, the fill, is $78.83.
CCI's own last 4 similar gaps: 2 kept going, 2 filled. The latest, Oct 9 '26, did not fill and closed well above the open.
The next week or two (the 166 most recent similar gaps). Five sessions later they were above the gap-day open about 5 in 10 times; the middle one closed near $86.76 at today's price, with most between $81.37 and $91.65. Ten sessions later, about 5 in 10 were above the gap-day open. Within the week, about 6 in 10 traded through the gap day's low, and about 3 in 10 closed the fifth session beyond the gap day's high.
Levels
| Premarket (as of 8:03) | $86.92 (+10.3%) |
| Premarket high / low so far | $87.02 / $83.50 |
| Yesterday's close (the fill) | $78.83 |
| 20-day high / low | $83.26 / $65.32 |
| 200-day average | $82.22 |
Peers and options
Co-mentioned in the news:
| Premarket | Last 20 days | |
| ARE | — no trades | −14.2% |
| SBAC | +9.9% | +7.4% |
| AMT | +10.5% | +8.6% |
| SLG | — no trades | −3.3% |
| DLR | — no trades | −5.6% |
| PLD | −0.5% | −5.4% |
| XLRE (sector ETF) | +1.5% |
2 of the 3 peers trading premarket are moving the same way (SBAC +9.9%, AMT +10.5%): a group move, not only CCI's.
Its +26.7% over the last 20 days is its own; peers' middle is −3.3%.
Options: no expiry this week; at yesterday's close the $80 straddle expiring Fri Nov 20 (21 trading days) priced about ±7.9%, roughly ±1.7% a day spread evenly. Today's gap alone is about 6 days' worth of that.
Numbers
| Premarket trading | thin ($5.0M, 1% of a normal day) |
| A normal day for it | 3.3% (its 20-day average range) |
| Last 20 days | +26.7% |
What to watch
- Any confirmation or denial of a deal from Crown Castle, SpaceX or other tower operators named in the talks
- How Verizon, AT&T and T-Mobile trade after falling on the competition angle
The company
Crown Castle owns or manages nearly 40,000 US wireless towers and leases space to carriers, with more than 90% of revenue from Verizon, T-Mobile and AT&T. It sold its fiber business in May 2026 and operates as a REIT. What its investors watch: Tenant demand and lease terms from the Big Three carriers, which supply over 90% of revenue; Adjusted EBITDA versus the raised 2026 outlook midpoint of $2.715B.
3. AT&T Inc. (T) −4.4%SpaceX report + earnings
Q3 revenue and EBITDA beat, 2026 adjusted EPS guidance raised to $2.40 from $2.25-$2.35, but shares are lower on a report that SpaceX is negotiating for about 80,000 US cell sites to build a wireless network.
How the closest look-alikes traded. Of the 10 closest daily look-alikes, 3 dropped at the open and stayed down; 3 climbed from the open and kept going; the other 4 each went their own way. None filled the gap. A week later, 5 of 10 were above their gap-day open.
- If it trades above its premarket high so far ($22.32, as of 8:04): 104 of 390 past gaps like this did. Of those 104, 21 closed below the open and 25 went on to fill.
- If it breaks above its first-15-minute high after 9:45: 267 of 400 past gaps like this did. Of those 267, 67 closed below the open and 28 went on to fill.
Mornings that looked like this one before the bell. Of the 10 closest premarket look-alikes, 2 sold off at the open, then climbed back; 2 drifted slightly higher; 2 climbed from the open and kept going; the other 4 each went their own way. One filled the gap.
Why it's here: 2 separate stories since the close, a gap of 2.1 normal days, premarket $ volume 2% of a normal day.
The news
· Fri 06:31 — AT&T Shares Decline Amid Reports of SpaceX's Potential Entry into Wireless Market
· Thu 20:01 — Wall Street Analysts Update Price Targets for AT&T
The new driver this morning is the SpaceX report, which hits all three incumbent carriers; it had circulated for weeks, but active talks with tower operators such as Crown Castle sharpened the competition worry. The earnings were solid: postpaid phone ARPU grew 4% vs 1.6% consensus and the convergence rate rose to 42.8% from 42.5%. Postpaid phone net adds of 379,000 missed consensus of 381,000 and churn of 0.92% was slightly worse than the 0.91% expected. TD Cowen noted management flagged incremental free cash flow pressure in 2027 and beyond, higher customer acquisition costs and continued Fiber ARPU pressure, so the guidance raise comes with softer commentary on later years. Analysts trimmed price targets after the print but kept buy ratings.
The last times like this
In 2,241 past news gaps down of this size on a morning the market also gapped down, 8 in 10 closes landed between $20.88 and $22.47 at today's price; yesterday's close, the fill, is $22.74.
T's own last 8 similar gaps: 1 kept going, 5 came back toward the open without filling, 2 filled. The latest, Oct 21 '26, did not fill and closed near the open.
The next week or two (the 578 most recent similar gaps). Five sessions later they were above the gap-day open about 6 in 10 times; the middle one closed near $21.97 at today's price, with most between $21.35 and $22.72. Ten sessions later, about 6 in 10 were above the gap-day open. Within the week, about 7 in 10 traded through the gap day's high, and about 2 in 10 closed the fifth session beyond the gap day's low.
Levels
| Premarket (as of 8:04) | $21.73 (−4.4%) |
| Premarket high / low so far | $22.32 / $21.63 |
| Yesterday's close (the fill) | $22.74 |
| 20-day high / low | $25.44 / $21.79 |
Peers and options
Co-mentioned in the news:
| Premarket | Last 20 days | |
| VZ | −3.5% | −4.5% |
| TMUS | −5.2% | −4.0% |
| TU | −1.0% | +4.0% |
| CMCSA | −1.6% | +3.2% |
| XLC (sector ETF) | −1.4% |
3 of the 4 peers trading premarket are moving the same way (VZ −3.5%, TMUS −5.2%, CMCSA −1.6%): a group move, not only T's.
Its −17.5% over the last 20 days is its own; peers' middle is +3.2%.
Options: at yesterday's close the $22.5 straddle expiring today priced a move of about ±1.7%. The premarket gap is −4.4%, 2.6× what options priced.
Numbers
| Premarket trading | thin ($17.5M, 2% of a normal day) |
| A normal day for it | 2.2% (its 20-day average range) |
| Last 20 days | −17.5% |
What to watch
- Any confirmation or detail on SpaceX's talks with tower operators such as Crown Castle
- Verizon and T-Mobile, which fell on the same report
The company
AT&T is the third-largest US wireless carrier, with about 70% of revenue from wireless service to postpaid and prepaid phone customers. It also sells fixed-line enterprise services and home fiber broadband. What its investors watch: Postpaid phone net adds, churn and ARPU growth; Convergence rate (wireless plus fiber bundles) and free cash flow.
Stat of the morning
Bigger gaps fill less often
Today's own pools, which also match the news type and the market's direction: RNG 23 of 227, CCI 18 of 169, T 292 of 2,241 filled. A narrower pool can land above or below its size bar; the stock's own pool is the closer comparison.
Every gap of a normal day or more since February 2024, up or down, any news, any market, grouped by how big the gap was for that stock (in normal days). The bar is the share that traded back to the prior close the same day: 22% of the smallest group, 1% of gaps of five normal days or more. Each stock's own pool above is narrower (its direction, news type and market), so its fill rate can differ from its bar here.
Crown Castle sits in the 3–5 normal days bucket, AT&T in 2–3 normal days and Ringcentral in 3–5 normal days, so read each name against the fill rates for its own bucket. For Crown Castle, 11% of 169 similar past gaps filled, and for Ringcentral it was 10% of 227.
Lesson: Is it the stock or the group?
When peers move with a stock, the news is about the industry and the move tends to be shared. When the stock moves alone, the news is about the company. Check peers before you decide what you're trading.
Crown Castle and AT&T both moved on the same SpaceX report, so ask whether it is the stock or the group before reading either chart on its own.
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