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May 3, 2023 · earnings

PCRX earnings: a negative outcome, -7.2%

On May 3, 2023, Pacira BioSciences, Inc. reached its earnings. The result was a negative outcome, and the stock moved -7.2% in the window around the event. It had already run +9.5% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$46.45
1d before
$43.12
Event day
$43.14
1d after
$42.26
5d after

Pre-catalyst setup

+9.5%
30-day run-up
3006%
30-day volatility
1.8×
volume spike