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November 8, 2023 · earnings

OM earnings: a negative outcome, -14.4%

On November 8, 2023, Outset Medical, Inc. reached its earnings. The result was a negative outcome, and the stock moved -14.4% in the window around the event. It had already run -55.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$64.65
1d before
$55.35
Event day
$54.30
1d after
$63.45
5d after

Pre-catalyst setup

-55.5%
30-day run-up
21159%
30-day volatility
1.4×
volume spike