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March 5, 2020 · earnings

RCUS earnings: a positive outcome, +6.8%

On March 5, 2020, Arcus Biosciences, Inc. reached its earnings. The result was a positive outcome, and the stock moved +6.8% in the window around the event. It had already run +75.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$18.00
1d before
$19.22
Event day
$19.28
1d after
$17.53
5d after

Pre-catalyst setup

+75.7%
30-day run-up
13675%
30-day volatility
0.7×
volume spike