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November 21, 2022 · earnings

ICCC earnings: a negative outcome, -11.3%

On November 21, 2022, ImmuCell Corporation reached its earnings. The result was a negative outcome, and the stock moved -11.3% in the window around the event. It had already run -9.2% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$7.01
1d before
$6.22
Event day
$6.20
1d after
$6.49
5d after

Pre-catalyst setup

-9.2%
30-day run-up
5547%
30-day volatility
2.2×
volume spike