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February 9, 2023 · earnings

CGC earnings: a negative outcome, -17.2%

On February 9, 2023, Canopy Growth Corp reached its earnings. The result was a negative outcome, and the stock moved -17.2% in the window around the event. It had already run +22.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$27.40
1d before
$22.70
Event day
$22.80
1d after
$23.20
5d after

Pre-catalyst setup

+22.9%
30-day run-up
6411%
30-day volatility
0.6×
volume spike