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October 6, 2020 · earnings

COGT earnings: a positive outcome, +20.9%

On October 6, 2020, Cogent Biosciences, Inc. reached its earnings. The result was a positive outcome, and the stock moved +20.9% in the window around the event. It had already run +6.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$9.40
1d before
$11.36
Event day
$11.24
1d after
$9.92
5d after

Pre-catalyst setup

+6.4%
30-day run-up
7615%
30-day volatility
0.3×
volume spike