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August 9, 2023 · earnings

CRDF earnings: a negative outcome, -12.4%

On August 9, 2023, Cardiff Oncology, Inc. reached its earnings. The result was a negative outcome, and the stock moved -12.4% in the window around the event. It had already run +15.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.18
1d before
$1.91
Event day
$2.07
1d after
$2.00
5d after

Pre-catalyst setup

+15.5%
30-day run-up
15036%
30-day volatility
21.0×
volume spike