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April 9, 2024 · earnings

LEXX earnings: a negative outcome, -8.8%

On April 9, 2024, Lexaria Bioscience Corp. reached its earnings. The result was a negative outcome, and the stock moved -8.8% in the window around the event. It had already run -44.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.96
1d before
$2.70
Event day
$2.66
1d after
$2.12
5d after

Pre-catalyst setup

-44.5%
30-day run-up
16230%
30-day volatility
0.2×
volume spike