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February 29, 2024 · earnings

CMPS earnings: a negative outcome, -17.0%

On February 29, 2024, Compass Pathways plc reached its earnings. The result was a negative outcome, and the stock moved -17.0% in the window around the event. It had already run -6.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$12.37
1d before
$10.27
Event day
$11.48
1d after
$10.87
5d after

Pre-catalyst setup

-6.7%
30-day run-up
7210%
30-day volatility
1.3×
volume spike