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November 9, 2023 · earnings

TMCI earnings: a negative outcome, -6.7%

On November 9, 2023, TREACE MEDICAL CONCEPTS, INC. reached its earnings. The result was a negative outcome, and the stock moved -6.7% in the window around the event. It had already run -14.7% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$10.72
1d before
$10.00
Event day
$6.21
1d after
$7.29
5d after

Pre-catalyst setup

-14.7%
30-day run-up
7070%
30-day volatility
0.5×
volume spike