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May 11, 2023 · earnings

HRTX earnings: a negative outcome, -9.0%

On May 11, 2023, Heron Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -9.0% in the window around the event. It had already run -10.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.45
1d before
$2.23
Event day
$1.40
1d after
$1.26
5d after

Pre-catalyst setup

-10.6%
30-day run-up
8249%
30-day volatility
0.6×
volume spike