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November 9, 2022 · earnings

ONC earnings: a negative outcome, -6.8%

On November 9, 2022, BeOne Medicines Ltd. reached its earnings. The result was a negative outcome, and the stock moved -6.8% in the window around the event. It had already run +41.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$189.13
1d before
$176.23
Event day
$188.80
1d after
$202.98
5d after

Pre-catalyst setup

+41.7%
30-day run-up
9161%
30-day volatility
0.7×
volume spike