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May 15, 2024 · earnings

SGMT earnings: a positive outcome, +5.5%

On May 15, 2024, Sagimet Biosciences Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.5% in the window around the event.

The move

$4.38
1d before
$4.62
Event day
$4.75
1d after
$4.74
5d after

Pre-catalyst setup

-2.6%
30-day run-up
7084%
30-day volatility
0.8×
volume spike