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August 8, 2023 · earnings

COGT earnings: a positive outcome, +7.6%

On August 8, 2023, Cogent Biosciences, Inc. reached its earnings. The result was a positive outcome, and the stock moved +7.6% in the window around the event. It had already run -6.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$11.03
1d before
$11.87
Event day
$11.83
1d after
$12.00
5d after

Pre-catalyst setup

-6.9%
30-day run-up
4474%
30-day volatility
1.3×
volume spike