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March 23, 2023 · earnings

HOWL earnings: a negative outcome, -5.2%

On March 23, 2023, Werewolf Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -5.2% in the window around the event. It had already run -21.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.29
1d before
$2.17
Event day
$2.43
1d after
$2.50
5d after

Pre-catalyst setup

-21.9%
30-day run-up
11002%
30-day volatility
0.3×
volume spike