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November 9, 2023 · earnings

PLRX earnings: a negative outcome, -5.5%

On November 9, 2023, Pliant Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -5.5% in the window around the event. It had already run -10.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$15.03
1d before
$14.20
Event day
$13.83
1d after
$13.17
5d after

Pre-catalyst setup

-10.6%
30-day run-up
5872%
30-day volatility
1.0×
volume spike