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March 16, 2023 · earnings

NUVL earnings: a positive outcome, +5.4%

On March 16, 2023, Nuvalent, Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.4% in the window around the event. It had already run -7.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$28.09
1d before
$29.62
Event day
$30.41
1d after
$29.41
5d after

Pre-catalyst setup

-7.3%
30-day run-up
6419%
30-day volatility
1.1×
volume spike