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August 15, 2022 · earnings

GALT earnings: a positive outcome, +5.3%

On August 15, 2022, Galectin Therapeutics Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.3% in the window around the event. It had already run +25.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.07
1d before
$2.18
Event day
$2.18
1d after
$2.00
5d after

Pre-catalyst setup

+25.5%
30-day run-up
10946%
30-day volatility
0.5×
volume spike