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May 16, 2022 · earnings

FBRX earnings: a negative outcome, -8.9%

On May 16, 2022, Forte Biosciences, Inc. reached its earnings. The result was a negative outcome, and the stock moved -8.9% in the window around the event. It had already run -16.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$29.50
1d before
$26.88
Event day
$30.25
1d after
$27.50
5d after

Pre-catalyst setup

-16.9%
30-day run-up
8104%
30-day volatility
0.8×
volume spike