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November 5, 2020 · earnings

XENE earnings: a positive outcome, +5.5%

On November 5, 2020, Xenon Pharmaceuticals Inc. reached its earnings. The result was a positive outcome, and the stock moved +5.5% in the window around the event. It had already run -12.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$11.23
1d before
$11.85
Event day
$10.97
1d after
$11.35
5d after

Pre-catalyst setup

-12.3%
30-day run-up
5386%
30-day volatility
1.4×
volume spike