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May 7, 2020 · earnings

ACRS earnings: a positive outcome, +8.7%

On May 7, 2020, Aclaris Therapeutics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +8.7% in the window around the event. It had already run +11.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.26
1d before
$1.37
Event day
$1.42
1d after
$1.39
5d after

Pre-catalyst setup

+11.6%
30-day run-up
8719%
30-day volatility
0.5×
volume spike