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May 8, 2019 · earnings

TARA earnings: a negative outcome, -9.6%

On May 8, 2019, Protara Therapeutics, Inc. reached its earnings. The result was a negative outcome, and the stock moved -9.6% in the window around the event. It had already run -17.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$16.82
1d before
$15.20
Event day
$14.61
1d after
$14.23
5d after

Pre-catalyst setup

-17.9%
30-day run-up
5638%
30-day volatility
0.1×
volume spike