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February 28, 2024 · earnings

ACAD earnings: a negative outcome, -9.9%

On February 28, 2024, ACADIA Pharmaceuticals Inc. reached its earnings. The result was a negative outcome, and the stock moved -9.9% in the window around the event. It had already run -10.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$26.36
1d before
$23.75
Event day
$23.24
1d after
$23.75
5d after

Pre-catalyst setup

-10.0%
30-day run-up
3554%
30-day volatility
1.3×
volume spike