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March 9, 2020 · earnings

XENE earnings: a negative outcome, -14.5%

On March 9, 2020, Xenon Pharmaceuticals Inc. reached its earnings. The result was a negative outcome, and the stock moved -14.5% in the window around the event.

The move

$14.18
1d before
$12.12
Event day
$12.86
1d after
$11.53
5d after

Pre-catalyst setup

-3.7%
30-day run-up
7250%
30-day volatility
0.8×
volume spike