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November 2, 2020 · earnings

ORKA earnings: a positive outcome, +5.2%

On November 2, 2020, Oruka Therapeutics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.2% in the window around the event. It had already run -15.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$46.20
1d before
$48.60
Event day
$48.24
1d after
$47.40
5d after

Pre-catalyst setup

-15.4%
30-day run-up
6603%
30-day volatility
0.5×
volume spike