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March 16, 2020 · earnings

XBIT earnings: a negative outcome, -13.2%

On March 16, 2020, XBiotech Inc. reached its earnings. The result was a negative outcome, and the stock moved -13.2% in the window around the event. It had already run -32.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$10.24
1d before
$8.89
Event day
$10.12
1d after
$9.44
5d after

Pre-catalyst setup

-32.0%
30-day run-up
4952%
30-day volatility
0.8×
volume spike