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November 4, 2020 · earnings

MGNX earnings: a positive outcome, +5.2%

On November 4, 2020, MacroGenics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.2% in the window around the event. It had already run -25.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$20.01
1d before
$21.06
Event day
$21.00
1d after
$20.19
5d after

Pre-catalyst setup

-25.3%
30-day run-up
3171%
30-day volatility
1.7×
volume spike