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August 10, 2023 · earnings

OBIO earnings: a positive outcome, +7.1%

On August 10, 2023, Orchestra BioMed Holdings, Inc. reached its earnings. The result was a positive outcome, and the stock moved +7.1% in the window around the event. It had already run -18.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$5.67
1d before
$6.07
Event day
$5.97
1d after
$5.64
5d after

Pre-catalyst setup

-18.7%
30-day run-up
10301%
30-day volatility
3.0×
volume spike