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GNO spikes to $206 intraday on May 2 — 42% above 90-day high, then closes 37% below peak
- Gnosis (GNO) printed an intraday high of $206.80 on May 2 — 42% above its prior 90-day closing high of $145.28 — then closed the same day at $142.64, a 31% rejection from the intraday spike.
- Volume on May 2 was 104,301 units, roughly 8.7x the 30-day daily average of ~12,000; by May 3 the price had fallen further to $129.73, erasing the entire spike and then some.
- A same-day rejection of this magnitude (42% above a 90-day reference level, closing below it) represents an extreme intraday reversal pattern, consistent with sharp volume spikes followed by rapid mean reversion.
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Conclusion
GNO intraday high May 2 = $206.80; prior 90d max close = $145.28 (Mar 16); GNO close May 2 = $142.64; close May 3 = $129.73; vol May 2 = 104,302 vs 30d avg ≈ 12,000 (~8.7x). Queried via GNO-USD.