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November 4, 2020 · earnings

PTGX earnings: a positive outcome, +5.2%

On November 4, 2020, Protagonist Therapeutics, Inc reached its earnings. The result was a positive outcome, and the stock moved +5.2% in the window around the event. It had already run -10.1% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$20.18
1d before
$21.22
Event day
$23.05
1d after
$21.52
5d after

Pre-catalyst setup

-10.1%
30-day run-up
5102%
30-day volatility
0.8×
volume spike