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August 9, 2022 · earnings

NVAX earnings: a negative outcome, -29.6%

On August 9, 2022, Novavax, Inc. reached its earnings. The result was a negative outcome, and the stock moved -29.6% in the window around the event. It had already run -20.8% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$57.25
1d before
$40.28
Event day
$41.36
1d after
$41.47
5d after

Pre-catalyst setup

-20.8%
30-day run-up
11690%
30-day volatility
1.2×
volume spike