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November 2, 2023 · earnings

MCRB earnings: a negative outcome, -35.3%

On November 2, 2023, Seres Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -35.3% in the window around the event. It had already run -29.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$28.80
1d before
$18.65
Event day
$26.00
1d after
$24.40
5d after

Pre-catalyst setup

-29.6%
30-day run-up
9800%
30-day volatility
1.1×
volume spike