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August 13, 2019 · PDUFA decision

RDY PDUFA decision: a positive outcome, -3.9%

On August 13, 2019, DR REDDYS LABORATORIES LTD reached its PDUFA decision. The result was a positive outcome, and the stock moved -3.9% in the window around the event.

The move

$7.25
1d before
$7.07
Event day
$6.96
1d after
$7.04
5d after

Pre-catalyst setup

-3.9%
30-day run-up
2511%
30-day volatility
0.5×
volume spike