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August 3, 2023 · earnings

ACAD earnings: a negative outcome, -6.8%

On August 3, 2023, ACADIA Pharmaceuticals Inc. reached its earnings. The result was a negative outcome, and the stock moved -6.8% in the window around the event. It had already run +21.8% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$29.20
1d before
$27.20
Event day
$27.19
1d after
$26.72
5d after

Pre-catalyst setup

+21.8%
30-day run-up
9084%
30-day volatility
0.9×
volume spike