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May 11, 2022 · earnings

CGTX earnings: a negative outcome, -7.4%

On May 11, 2022, COGNITION THERAPEUTICS 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 -5.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.70
1d before
$2.50
Event day
$2.59
1d after
$2.86
5d after

Pre-catalyst setup

-5.7%
30-day run-up
8679%
30-day volatility
0.6×
volume spike