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May 9, 2022 · earnings

PLRX earnings: a negative outcome, -11.0%

On May 9, 2022, Pliant Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -11.0% in the window around the event. It had already run -29.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$5.01
1d before
$4.46
Event day
$4.67
1d after
$4.92
5d after

Pre-catalyst setup

-29.3%
30-day run-up
7332%
30-day volatility
1.6×
volume spike