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November 9, 2022 · earnings

NVAX earnings: a negative outcome, -5.2%

On November 9, 2022, Novavax, Inc. reached its earnings. The result was a negative outcome, and the stock moved -5.2% in the window around the event. It had already run +9.1% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$19.65
1d before
$18.63
Event day
$22.14
1d after
$23.08
5d after

Pre-catalyst setup

+9.1%
30-day run-up
8894%
30-day volatility
0.8×
volume spike