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February 28, 2024 · earnings

FLGT earnings: a negative outcome, -8.1%

On February 28, 2024, Fulgent Genetics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -8.1% in the window around the event. It had already run -8.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$25.48
1d before
$23.41
Event day
$22.56
1d after
$23.74
5d after

Pre-catalyst setup

-8.3%
30-day run-up
4315%
30-day volatility
3.2×
volume spike