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August 14, 2024 · earnings

CRMD earnings: a positive outcome, +30.2%

On August 14, 2024, CorMedix Inc. reached its earnings. The result was a positive outcome, and the stock moved +30.2% in the window around the event. It had already run -22.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$3.78
1d before
$4.92
Event day
$4.79
1d after
$5.16
5d after

Pre-catalyst setup

-22.0%
30-day run-up
4408%
30-day volatility
1.0×
volume spike