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May 9, 2022 · earnings

AKBA earnings: a negative outcome, -10.3%

On May 9, 2022, Akebia Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -10.3% in the window around the event. It had already run -29.2% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$0.38
1d before
$0.35
Event day
$0.43
1d after
$0.45
5d after

Pre-catalyst setup

-29.2%
30-day run-up
7235%
30-day volatility
0.7×
volume spike