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May 9, 2023 · earnings

AGEN earnings: a negative outcome, -5.7%

On May 9, 2023, AGENUS INC reached its earnings. The result was a negative outcome, and the stock moved -5.7% in the window around the event. It had already run +8.1% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$31.80
1d before
$30.00
Event day
$30.80
1d after
$28.40
5d after

Pre-catalyst setup

+8.1%
30-day run-up
9732%
30-day volatility
0.9×
volume spike