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May 9, 2024 · earnings

CGON earnings: a negative outcome, -7.4%

On May 9, 2024, CG Oncology, Inc. reached its earnings. The result was a negative outcome, and the stock moved -7.4% in the window around the event. It had already run -10.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$32.43
1d before
$30.02
Event day
$28.50
1d after
$27.32
5d after

Pre-catalyst setup

-10.0%
30-day run-up
7904%
30-day volatility
1.3×
volume spike