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August 7, 2024 · earnings

ACAD earnings: a negative outcome, -19.5%

On August 7, 2024, ACADIA Pharmaceuticals Inc. reached its earnings. The result was a negative outcome, and the stock moved -19.5% in the window around the event. It had already run +15.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$18.85
1d before
$15.17
Event day
$15.72
1d after
$15.29
5d after

Pre-catalyst setup

+15.0%
30-day run-up
3148%
30-day volatility
1.6×
volume spike