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August 14, 2023 · earnings

HRTX earnings: a negative outcome, -6.8%

On August 14, 2023, Heron Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -6.8% in the window around the event. It had already run +27.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$1.62
1d before
$1.51
Event day
$1.68
1d after
$1.65
5d after

Pre-catalyst setup

+27.6%
30-day run-up
9036%
30-day volatility
1.2×
volume spike