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November 3, 2023 · earnings

FLGT earnings: a positive outcome, +13.2%

On November 3, 2023, Fulgent Genetics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +13.2% in the window around the event. It had already run -10.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$23.79
1d before
$26.94
Event day
$26.94
1d after
$26.44
5d after

Pre-catalyst setup

-10.6%
30-day run-up
2354%
30-day volatility
1.2×
volume spike