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November 13, 2023 · earnings

RNAC earnings: a negative outcome, -8.0%

On November 13, 2023, Cartesian Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -8.0% in the window around the event. It had already run -11.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$24.91
1d before
$22.91
Event day
$27.82
1d after
$27.82
5d after

Pre-catalyst setup

-11.3%
30-day run-up
5914%
30-day volatility
1.4×
volume spike