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November 7, 2023 · earnings

TVTX earnings: a positive outcome, +8.1%

On November 7, 2023, Travere Therapeutics, Inc. reached its earnings. The result was a positive outcome, and the stock moved +8.1% in the window around the event. It had already run -8.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$6.64
1d before
$7.18
Event day
$6.33
1d after
$5.58
5d after

Pre-catalyst setup

-8.3%
30-day run-up
6768%
30-day volatility
2.8×
volume spike