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May 5, 2022 · earnings

ARDX earnings: a negative outcome, -7.7%

On May 5, 2022, Ardelyx reached its earnings. The result was a negative outcome, and the stock moved -7.7% in the window around the event. It had already run -24.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$0.91
1d before
$0.84
Event day
$0.81
1d after
$0.72
5d after

Pre-catalyst setup

-24.5%
30-day run-up
13522%
30-day volatility
0.6×
volume spike