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August 10, 2023 · earnings

DERM earnings: a negative outcome, -8.2%

On August 10, 2023, Journey Medical Corporation reached its earnings. The result was a negative outcome, and the stock moved -8.2% in the window around the event. It had already run -9.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.44
1d before
$2.24
Event day
$2.24
1d after
$2.11
5d after

Pre-catalyst setup

-9.3%
30-day run-up
9616%
30-day volatility
1.1×
volume spike