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May 11, 2023 · earnings

MGTX earnings: a negative outcome, -6.0%

On May 11, 2023, MeiraGTx Holdings plc reached its earnings. The result was a negative outcome, and the stock moved -6.0% in the window around the event. It had already run +9.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$6.20
1d before
$5.83
Event day
$5.77
1d after
$7.00
5d after

Pre-catalyst setup

+9.7%
30-day run-up
7072%
30-day volatility
0.9×
volume spike