In present study, I explore the dynamics of the interday stock price reversals. Employing intraday price data on thirty stocks currently making up the Dow Jones Industrial Index, I document that stock returns in opening trading sessions tend to be higher following days with relatively low...

In present study, I explore intraday behavior of stock prices. In particular, I try to shed light on the relationship between the widely-documented U-shaped intraday pattern of stock returns (e.g., Wood et al. (1985), Jain and Joh (1988), Pagano et al. (2008)) and the well-known concept of stock...

In present study, I make an effort to shed light on the actual mechanism of autocorrelations in individual stocks' opening returns. I analyze intraday price data on thirty stocks currently making up the Dow Jones Industrial Index. Employing the sample average and the sample median of opening...

In present study, I analyze the actual mechanism of autocorrelations in individual stocks' opening returns. For Dow Jones Industrial Index constituents, I document that if the previous day's market and individual stock's opening returns are taken together to explain the stock's opening returns,...