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May 11, 2023 · earnings

HOWL earnings: a negative outcome, -8.9%

On May 11, 2023, Werewolf Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -8.9% in the window around the event. It had already run +18.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$3.04
1d before
$2.77
Event day
$2.94
1d after
$2.74
5d after

Pre-catalyst setup

+18.6%
30-day run-up
6101%
30-day volatility
0.2×
volume spike