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May 8, 2024 · earnings

LGND earnings: a positive outcome, +9.8%

On May 8, 2024, Ligand Pharmaceuticals Incorporated reached its earnings. The result was a positive outcome, and the stock moved +9.8% in the window around the event. It had already run -7.2% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$73.22
1d before
$80.36
Event day
$86.12
1d after
$84.07
5d after

Pre-catalyst setup

-7.2%
30-day run-up
3886%
30-day volatility
1.1×
volume spike