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May 2, 2024 · earnings

EBS earnings: a positive outcome, +71.0%

On May 2, 2024, Emergent BioSolutions Inc. reached its earnings. The result was a positive outcome, and the stock moved +71.0% in the window around the event. It had already run -12.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.93
1d before
$3.30
Event day
$3.89
1d after
$4.40
5d after

Pre-catalyst setup

-12.5%
30-day run-up
7016%
30-day volatility
2.6×
volume spike