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May 11, 2022 · earnings

BDTX earnings: a negative outcome, -7.9%

On May 11, 2022, Black Diamond Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -7.9% in the window around the event. It had already run -38.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.03
1d before
$1.87
Event day
$1.84
1d after
$1.86
5d after

Pre-catalyst setup

-38.5%
30-day run-up
6811%
30-day volatility
1.9×
volume spike