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March 9, 2023 · earnings

BDTX earnings: a negative outcome, -13.7%

On March 9, 2023, Black Diamond Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -13.7% in the window around the event. It had already run -40.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.68
1d before
$1.45
Event day
$1.35
1d after
$1.74
5d after

Pre-catalyst setup

-40.7%
30-day run-up
6674%
30-day volatility
1.3×
volume spike