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July 31, 2023 · earnings

APLS earnings: a negative outcome, -19.6%

On July 31, 2023, Apellis Pharmaceuticals, Inc. reached its earnings. The result was a negative outcome, and the stock moved -19.6% in the window around the event. It had already run -64.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$32.02
1d before
$25.75
Event day
$24.22
1d after
$24.53
5d after

Pre-catalyst setup

-64.9%
30-day run-up
16484%
30-day volatility
1.6×
volume spike