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March 5, 2024 · earnings

MCRB earnings: a negative outcome, -7.0%

On March 5, 2024, Seres Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -7.0% in the window around the event. It had already run +11.8% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$22.80
1d before
$21.20
Event day
$20.20
1d after
$19.42
5d after

Pre-catalyst setup

+11.8%
30-day run-up
7681%
30-day volatility
1.5×
volume spike