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May 10, 2022 · earnings

PHAT earnings: a negative outcome, -8.1%

On May 10, 2022, Phathom Pharmaceuticals, Inc. reached its earnings. The result was a negative outcome, and the stock moved -8.1% in the window around the event. It had already run -23.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$8.93
1d before
$8.21
Event day
$8.37
1d after
$7.99
5d after

Pre-catalyst setup

-23.7%
30-day run-up
10147%
30-day volatility
3.0×
volume spike