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May 8, 2024 · earnings

CCCC earnings: a negative outcome, -5.0%

On May 8, 2024, C4 Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -5.0% in the window around the event. It had already run -12.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$6.79
1d before
$6.45
Event day
$6.80
1d after
$6.17
5d after

Pre-catalyst setup

-12.0%
30-day run-up
5071%
30-day volatility
0.7×
volume spike