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March 31, 2023 · earnings

ANVS earnings: a negative outcome, -23.3%

On March 31, 2023, Annovis Bio, Inc. reached its earnings. The result was a negative outcome, and the stock moved -23.3% in the window around the event. It had already run +15.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$20.10
1d before
$15.41
Event day
$15.41
1d after
$12.24
5d after

Pre-catalyst setup

+15.4%
30-day run-up
9504%
30-day volatility
3.0×
volume spike