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May 9, 2022 · earnings

PCVX earnings: a negative outcome, -11.8%

On May 9, 2022, Vaxcyte, Inc. reached its earnings. The result was a negative outcome, and the stock moved -11.8% in the window around the event. It had already run -5.4% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$24.27
1d before
$21.41
Event day
$21.51
1d after
$23.53
5d after

Pre-catalyst setup

-5.4%
30-day run-up
5187%
30-day volatility
0.6×
volume spike