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August 3, 2021 · earnings

RIGL earnings: a negative outcome, -6.0%

On August 3, 2021, 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 -9.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$40.20
1d before
$37.80
Event day
$37.30
1d after
$38.10
5d after

Pre-catalyst setup

-9.3%
30-day run-up
3441%
30-day volatility
0.9×
volume spike