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October 30, 2024 · earnings

CRMD earnings: a negative outcome, -22.5%

On October 30, 2024, CorMedix Inc. reached its earnings. The result was a negative outcome, and the stock moved -22.5% in the window around the event. It had already run +61.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$12.97
1d before
$10.05
Event day
$10.05
1d after
$9.59
5d after

Pre-catalyst setup

+61.4%
30-day run-up
4597%
30-day volatility
1.5×
volume spike