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March 25, 2024 · earnings

LXRX earnings: a negative outcome, -6.2%

On March 25, 2024, LEXICON PHARMACEUTICALS, INC. reached its earnings. The result was a negative outcome, and the stock moved -6.2% in the window around the event. It had already run -11.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$2.26
1d before
$2.12
Event day
$1.98
1d after
$2.40
5d after

Pre-catalyst setup

-11.0%
30-day run-up
13199%
30-day volatility
0.6×
volume spike