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May 9, 2022 · earnings

ONC earnings: a negative outcome, -8.9%

On May 9, 2022, BeOne Medicines Ltd. reached its earnings. The result was a negative outcome, and the stock moved -8.9% in the window around the event. It had already run -25.1% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$147.29
1d before
$134.22
Event day
$143.68
1d after
$132.87
5d after

Pre-catalyst setup

-25.1%
30-day run-up
5201%
30-day volatility
1.1×
volume spike