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March 6, 2023 · earnings

ANNX earnings: a negative outcome, -6.8%

On March 6, 2023, Annexon, Inc. reached its earnings. The result was a negative outcome, and the stock moved -6.8% in the window around the event. It had already run -33.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$4.73
1d before
$4.41
Event day
$4.91
1d after
$4.35
5d after

Pre-catalyst setup

-33.4%
30-day run-up
5317%
30-day volatility
2.5×
volume spike