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February 28, 2023 · earnings

PHAT earnings: a negative outcome, -11.8%

On February 28, 2023, Phathom Pharmaceuticals, 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 -22.8% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$9.70
1d before
$8.56
Event day
$9.01
1d after
$8.73
5d after

Pre-catalyst setup

-22.8%
30-day run-up
12117%
30-day volatility
4.0×
volume spike