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March 10, 2020 · earnings

KALV earnings: a negative outcome, -13.5%

On March 10, 2020, KalVista Pharmaceuticals, Inc. reached its earnings. The result was a negative outcome, and the stock moved -13.5% in the window around the event. It had already run -14.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$12.02
1d before
$10.40
Event day
$8.86
1d after
$7.07
5d after

Pre-catalyst setup

-14.5%
30-day run-up
5607%
30-day volatility
0.8×
volume spike