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March 16, 2020 · earnings

SPRO earnings: a negative outcome, -18.7%

On March 16, 2020, Spero Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -18.7% in the window around the event. It had already run -27.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$6.48
1d before
$5.27
Event day
$6.79
1d after
$5.81
5d after

Pre-catalyst setup

-27.9%
30-day run-up
7292%
30-day volatility
1.4×
volume spike