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April 29, 2022 · earnings

EBS earnings: a negative outcome, -11.6%

On April 29, 2022, Emergent BioSolutions Inc. reached its earnings. The result was a negative outcome, and the stock moved -11.6% in the window around the event. It had already run -11.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$36.61
1d before
$32.38
Event day
$32.38
1d after
$33.85
5d after

Pre-catalyst setup

-11.4%
30-day run-up
4097%
30-day volatility
1.5×
volume spike