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March 31, 2023 · earnings

DERM earnings: a positive outcome, +11.2%

On March 31, 2023, Journey Medical Corporation reached its earnings. The result was a positive outcome, and the stock moved +11.2% in the window around the event. It had already run -13.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.41
1d before
$1.57
Event day
$1.57
1d after
$1.50
5d after

Pre-catalyst setup

-13.3%
30-day run-up
6666%
30-day volatility
1.1×
volume spike