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March 27, 2023 · earnings

CTMX earnings: a positive outcome, +5.3%

On March 27, 2023, CytomX Therapeutics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.3% in the window around the event. It had already run -20.2% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.70
1d before
$1.79
Event day
$1.52
1d after
$1.51
5d after

Pre-catalyst setup

-20.2%
30-day run-up
5771%
30-day volatility
0.9×
volume spike