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March 28, 2022 · earnings

FBIO earnings: a positive outcome, +6.0%

On March 28, 2022, Fortress Biotech, Inc. reached its earnings. The result was a positive outcome, and the stock moved +6.0% in the window around the event. It had already run -21.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$20.10
1d before
$21.30
Event day
$21.30
1d after
$21.30
5d after

Pre-catalyst setup

-21.6%
30-day run-up
9050%
30-day volatility
1.2×
volume spike