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August 2, 2024 · earnings

FLGT earnings: a positive outcome, +6.3%

On August 2, 2024, Fulgent Genetics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +6.3% in the window around the event. It had already run +20.2% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$23.57
1d before
$25.06
Event day
$25.06
1d after
$23.51
5d after

Pre-catalyst setup

+20.2%
30-day run-up
4537%
30-day volatility
1.2×
volume spike