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March 23, 2021 · earnings

SPRO earnings: a negative outcome, -8.4%

On March 23, 2021, Spero Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -8.4% in the window around the event. It had already run -22.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$15.44
1d before
$14.15
Event day
$13.52
1d after
$13.81
5d after

Pre-catalyst setup

-22.7%
30-day run-up
5903%
30-day volatility
0.6×
volume spike