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November 2, 2023 · earnings

CGTX earnings: a negative outcome, -6.4%

On November 2, 2023, COGNITION THERAPEUTICS INC reached its earnings. The result was a negative outcome, and the stock moved -6.4% in the window around the event. It had already run -18.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.09
1d before
$1.02
Event day
$1.06
1d after
$1.04
5d after

Pre-catalyst setup

-18.0%
30-day run-up
8466%
30-day volatility
0.4×
volume spike