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May 9, 2023 · earnings

BDTX earnings: a negative outcome, -5.2%

On May 9, 2023, Black Diamond Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -5.2% in the window around the event. It had already run +20.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.92
1d before
$1.82
Event day
$1.88
1d after
$1.89
5d after

Pre-catalyst setup

+20.9%
30-day run-up
8792%
30-day volatility
0.6×
volume spike