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August 9, 2023 · earnings

NKTR earnings: a negative outcome, -8.9%

On August 9, 2023, Nektar Therapeutics reached its earnings. The result was a negative outcome, and the stock moved -8.9% in the window around the event. It had already run -5.8% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$15.00
1d before
$13.66
Event day
$15.75
1d after
$12.36
5d after

Pre-catalyst setup

-5.8%
30-day run-up
31424%
30-day volatility
3.9×
volume spike