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August 2, 2023 · earnings

EDIT earnings: a positive outcome, +5.7%

On August 2, 2023, Editas Medicine, Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.7% in the window around the event. It had already run +5.2% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$8.65
1d before
$9.14
Event day
$9.31
1d after
$8.43
5d after

Pre-catalyst setup

+5.2%
30-day run-up
3204%
30-day volatility
1.1×
volume spike