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November 4, 2021 · earnings

AKBA earnings: a negative outcome, -9.0%

On November 4, 2021, Akebia Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -9.0% in the window around the event. It had already run +12.2% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$3.34
1d before
$3.04
Event day
$2.93
1d after
$2.86
5d after

Pre-catalyst setup

+12.2%
30-day run-up
4696%
30-day volatility
1.4×
volume spike