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November 9, 2022 · earnings

ANIK earnings: a positive outcome, +8.1%

On November 9, 2022, Anika Therapeutics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +8.1% in the window around the event. It had already run +23.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$27.37
1d before
$29.60
Event day
$31.91
1d after
$30.82
5d after

Pre-catalyst setup

+23.5%
30-day run-up
5381%
30-day volatility
2.0×
volume spike