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May 22, 2020 · earnings

XENE earnings: a positive outcome, +7.4%

On May 22, 2020, Xenon Pharmaceuticals Inc. reached its earnings. The result was a positive outcome, and the stock moved +7.4% in the window around the event. It had already run +18.1% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$13.87
1d before
$14.90
Event day
$14.90
1d after
$13.38
5d after

Pre-catalyst setup

+18.1%
30-day run-up
5822%
30-day volatility
0.7×
volume spike