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May 10, 2022 · earnings

COGT earnings: a negative outcome, -8.3%

On May 10, 2022, Cogent Biosciences, Inc. reached its earnings. The result was a negative outcome, and the stock moved -8.3% in the window around the event. It had already run -26.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$5.55
1d before
$5.09
Event day
$4.22
1d after
$4.06
5d after

Pre-catalyst setup

-26.0%
30-day run-up
8079%
30-day volatility
0.8×
volume spike