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August 9, 2023 · earnings

IRWD earnings: a negative outcome, -6.8%

On August 9, 2023, IRONWOOD PHARMACEUTICALS 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 +8.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$10.31
1d before
$9.61
Event day
$9.71
1d after
$10.02
5d after

Pre-catalyst setup

+8.6%
30-day run-up
3674%
30-day volatility
3.1×
volume spike