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July 27, 2018 · earnings

EW earnings: a negative outcome, -8.5%

On July 27, 2018, Edwards Lifesciences Corp reached its earnings. The result was a negative outcome, and the stock moved -8.5% 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

$51.69
1d before
$47.29
Event day
$47.29
1d after
$47.59
5d after

Pre-catalyst setup

+5.2%
30-day run-up
1491%
30-day volatility
1.1×
volume spike