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August 13, 2024 · earnings

GALT earnings: a positive outcome, +6.6%

On August 13, 2024, Galectin Therapeutics Inc. reached its earnings. The result was a positive outcome, and the stock moved +6.6% in the window around the event. It had already run -8.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.11
1d before
$2.25
Event day
$2.08
1d after
$2.32
5d after

Pre-catalyst setup

-8.9%
30-day run-up
5858%
30-day volatility
1.0×
volume spike