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May 9, 2022 · earnings

ENTA earnings: a negative outcome, -7.9%

On May 9, 2022, Enanta Pharmaceuticals, Inc. reached its earnings. The result was a negative outcome, and the stock moved -7.9% in the window around the event. It had already run -23.1% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$57.46
1d before
$52.93
Event day
$56.38
1d after
$49.88
5d after

Pre-catalyst setup

-23.1%
30-day run-up
5020%
30-day volatility
1.3×
volume spike