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November 12, 2020 · earnings

MIRM earnings: a positive outcome, +5.2%

On November 12, 2020, Mirum Pharmaceuticals, 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 -7.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$17.20
1d before
$18.10
Event day
$19.19
1d after
$20.11
5d after

Pre-catalyst setup

-7.7%
30-day run-up
5535%
30-day volatility
1.0×
volume spike