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August 8, 2023 · earnings

CRMD earnings: a positive outcome, +7.9%

On August 8, 2023, CorMedix Inc. reached its earnings. The result was a positive outcome, and the stock moved +7.9% in the window around the event. It had already run +10.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$4.09
1d before
$4.42
Event day
$4.35
1d after
$4.40
5d after

Pre-catalyst setup

+10.4%
30-day run-up
4962%
30-day volatility
0.7×
volume spike