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February 27, 2020 · earnings

RIGL earnings: a negative outcome, -6.0%

On February 27, 2020, RIGEL PHARMACEUTICALS INC reached its earnings. The result was a negative outcome, and the stock moved -6.0% in the window around the event. It had already run -11.6% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$21.70
1d before
$20.40
Event day
$21.20
1d after
$21.80
5d after

Pre-catalyst setup

-11.6%
30-day run-up
4771%
30-day volatility
0.8×
volume spike