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November 3, 2022 · earnings

EWTX earnings: a positive outcome, +6.8%

On November 3, 2022, Edgewise Therapeutics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +6.8% in the window around the event. It had already run -5.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$9.40
1d before
$10.04
Event day
$9.57
1d after
$9.60
5d after

Pre-catalyst setup

-5.9%
30-day run-up
7894%
30-day volatility
0.6×
volume spike