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March 12, 2021 · earnings

RNAC earnings: a positive outcome, +9.5%

On March 12, 2021, Cartesian Therapeutics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +9.5% in the window around the event. It had already run -16.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$101.41
1d before
$111.03
Event day
$111.03
1d after
$118.57
5d after

Pre-catalyst setup

-16.7%
30-day run-up
6287%
30-day volatility
0.5×
volume spike